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Shares of DJT plunged by 25% to close at a record low of $4.49, representing a 95% decline from the 2022 high.
Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, commented that investors could be concerned Congress may intervene to prevent U.S. President Donald Trump from using the company to share market-moving insider information with high-frequency traders who front-run retail investors.
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Schiff has previously commented on significant regulatory actions in the financial sector, including when U.S. regulators fined Bank of America $1.2 billion for anti-money-laundering violations. He has also highlighted recent movements in the precious metals market, noting that gold dipped below $4,000 as stocks declined. These statements reflect his ongoing attention to compliance and market opportunities.