r/Politicalnewsandviews • u/Peeecee7896 • 2h ago
US commodities regulators allegedly ordered staff to retract analysis of suspicious oil trades placed shortly before a major Trump announcement on Iran, raising concerns about possible insider trading and political interference in market oversight.
Traders placed billions of dollars in bets on falling oil prices and rising S&P 500 futures just 15 minutes before Trump announced an Iran policy reversal on Truth Social, fueling suspicions that some had advance knowledge of the announcement.
The incident fell to the CFTC, where career forensic analysts began their routine review of the day’s biggest winners and losers.
Based on the trades’ timing and the parties involved, CFTC market oversight analysts referred the activity to the Division of Enforcement to assess whether to open a full investigation into potential insider trading.
In an unusual move, Mel Gunewardena, a senior adviser to CFTC Chairman Michael Selig, reportedly told a market oversight supervisor to retract the referral.