DWAC - Amid Trump Media & Technology Listing Buzz Ex-President Under Scrutiny For Telling A 'Mind-Bogglingly Nonsensical' Story About NYSE | Benzinga
Update: The headline of this article was revised at 10:20 PM ET.
Former U.S. President Donald Trump‘s claims about the listing of his company, Trump Media & Technology Group, on the New York Stock Exchange (NYSE) have come under the scanner.
What Happened: Trump declared his decision to forego listing on the NYSE due to the alleged harsh treatment of businesses in New York. He also claimed NYSE officials were disheartened by this decision. Contradicting Trump’s statement, experts point out that Trump’s company is being listed on the Nasdaq, which is also based in New York, and therefore would fall under the same New York laws and regulations, reported by CNN.
Jonathan Macey, a Yale Law School professor, found Trump’s reasoning “mind-bogglingly nonsensical,” stating that the NYSE’s investor protection rules also apply to the Nasdaq.
"I hope somebody advising President Trump informs him that the same investor protection rules that safeguard investors of the New York Stock Exchange also safeguard investors on the Nasdaq Stock Market," Macey said.
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These claims were made at a press conference where Trump criticized New York Attorney General Letitia James ...