BlackRock's affiliated companies sold DJT stocks before Trump's assassination and are under investigation by the SEC

ChainCatcher news, BlackRock affiliate Austin Private Wealth short-sold 12 million shares of Trump Media & Technology Group (DJT.O) stock the day before Trump's assassination, and is now under investigation by the SEC.

Austin Private Wealth manages approximately $1 billion in assets, with major shareholders including well-known investors like BlackRock and Vanguard. The timing of the short sale has raised market suspicions of insider trading. If the attempt to assassinate Trump had been successful, the stock price of Trump Media & Technology Group (DJT) would have plummeted. Austin Private Wealth could have made substantial profits, estimated between $696 billion and $1 trillion.

However, the company stated that the transaction was a registration error and that it did not intend to profit from the tragedy. Austin Private Wealth explained that due to a technical failure in the trading system, the short sale order was placed incorrectly; this transaction occurred on June 28, was made public on July 12, and was corrected after the error was discovered on July 16.

It is reported that the SEC is reviewing Austin Private Wealth's internal communications and trading records to determine if any misconduct occurred. If evidence of illegal activity is found, the investigation could lead to severe penalties.