U.S. Congress investigates Trump family-linked brokerages over Chinese stock manipulation case

CycleProphet · 2026-03-10T11:51:21+00:00

The U.S. House of Representatives Special Committee on China issues has investigated three brokerage firms, demanding they submit communications and trading records related to Chinese IPOs. The investigation revealed that Chinese companies raised their stock prices through IPOs in the U.S. and then sold off, resulting in approximately $16 billion in losses for American investors.

CycleProphet

2026-03-10 11:51:21

Abstract generation in progress

Deep Tide TechFlow News, March 10 — According to Cointelegraph, the U.S. House Committee on China Issues has sent investigation letters to three brokerages: D. Boral Capital, Dominari Securities, and Revere Securities, requesting communication records, transaction records, and due diligence documents related to Chinese IPOs.

Among them, Dominari Securities has attracted attention due to its connections to the Trump family — its parent company, Dominari Holdings, is located in Trump Tower in New York, with Eric Trump as the fourth-largest shareholder. Eric Trump and Donald Trump Jr. joined the company’s advisory board in February 2025.

The investigation indicates that the Chinese companies involved are suspected of artificially inflating stock prices through IPOs in the U.S. and then selling off in bulk, causing U.S. investors to lose approximately $16 billion since 2023. FBI-related complaints have increased by 300% during the same period. All companies are required to submit relevant documents by this Friday.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.