Last week SEC Enforcement Director Margaret Ryan resigned. Let’s discuss today. 
SEC Enforcement Director Margaret Ryan Resigns
Reuters reports US SEC’s ex-enforcement chief clashed with bosses over Trump cases before leaving
The U.S. Securities and Exchange Commission’s top enforcement official, who left abruptly last week, had clashed with agency leaders over the direction of its enforcement program, including the handling of cases with ties to President Donald Trump and his family, according to three people familiar with the matter.
Insider Trading Runs Rampant
CNBC reports Volume in stock and oil futures surged minutes before Trump’s market-turning post
At around 6:50 a.m. in New York, S&P 500 e-Mini futures trading on the CME recorded a sharp and isolated jump in volume, breaking from an otherwise subdued premarket backdrop. With thin liquidity typical of early trading hours, the sudden burst stood out as one of the largest volume moments of the session up to that point.
A similar pattern was observed in oil markets. West Texas Intermediate May futures also saw a noticeable pickup in trading activity at roughly the same time, with a distinct volume spike interrupting otherwise quiet conditions.
Roughly 15 minutes later, at 7:05 a.m., Trump said on Truth Social that the U.S. and Iran had held talks and that he was halting planned strikes on Iranian power plants and energy infrastructure. That announcement prompted an instant rally in risk assets, with S&P 500 futures soaring more than 2.5% before the opening bell. West Texas Intermediate futures dropped nearly 6% following the announcement.
Someone Made a Lot of Money
In one move, $1.5 billion in S&P 500 (ES) futures were bought. $192 million in oil (CL) futures were sold.
This is 100 percent insider trading. It’s mammoth and undebatable.
The SEC can easily see who placed these bets right before Trump’s big lie.
Amusing Aspects
- Trump threatens a war crime. Think about that one.
- He did so in the midst of allegedly “very good and productive conversations” with Iran. Think about that one, too.
- Iran denies the conversations.
- Trump will not name the Iranian mediators the US is allegedly negotiating with. Do they exist anywhere but Trump’s mind?
WSJ: President Trump said on Friday that he is considering winding down the war. He said it isn’t clear that there are any leaders left alive who Washington could negotiate with.
Yet, Trump is allegedly talking with someone, and he says those talks are going well. Meanwhile, Iran denies any talks. And Trump will not name who the administration is talking with.
Trump says so many obvious lies he cannot keep anything straight.
Nothing Will Happen
Q: Why?
A: Trump will suppress an investigation.
And before Trump goes down in the ash heap of history, he will pardon every criminal in his administration.
If you are on the SEC and are trying to do your job, you have two options: resign or get fired.
In aggregate, manipulations never work, but they can mean short-term gains for the criminals and losses for those stopped out of trades.
Related Posts
March 23, 2026: Trump Postpones Strikes on Iran, Claims Progress in Talks that Iran Denies
The markets are pleased with progress on Iran that Iran denies.
March 23, 2026: The Bond Market Has Second Thoughts on Trump’s Alleged Progress with Iran
Let’s discuss the striking volatility in long-term bond yields today.
I added an addendum to that post showing all the long-bond gains have already been wiped out.
Stock market futures are negative now too, just not the full amount.
Nancy Pelosi is considered to be the greatest stock investor of all time….up thousands of percentage points during her career in Congress. And the present crop of alleged insider trading criminals will never be investigated.
“War is a racket” on steroids… my goodness and they get away with it, right.
Wish we could go back to Hunter-Biden-style corruption. Now, it feels like the whole Trump government + their families are feeding themselves at the public trough. And, interestingly, nobody, from left to right, seems to be particularly upset.
SEC staffers should resign
Martha Stewart went to Prison for a crime that was !% of the misdeeds practiced regularly for decades by many politicians from both sides of the Uniparty. Ask Nancy if you desire any = Getting away like a Bandit = advice.
https://www.cnn.com/2025/11/06/politics/stock-tracker-nancy-pelosi-investors
Having worked as a Chief Compliance Officer at major US and one European investment banks as well as being a former regulator, this is very simple. Any transaction over a certain dollar or share threshold if flagged internally by the investment bank as well as externally by the CFTC SEC FINRA depending on the type of transaction. The investment bank is subject to the Insider Trading Sanctions Act of 1988 as well as Rule10b-5 and their own written supervisory procedures. They definitely flagged the transactions and internally and externally the trades were quashed. Most likely, nothing will happen to a politically exposed person because when the democratic administration gets in office in three years they’ll do the same thing. They system is corrupt.
Mish: “If you are on the SEC and are trying to do your job, you have two options: resign or get fired.”
Headline this morning: Exclusive: US SEC’s ex-enforcement chief clashed with bosses over Trump cases before leaving, sources say
Margaret Ryan has enough morals and integrity to leave before being rugged. Not saying a lot, but it’s something.
A huge loss.
One less that could have protected us. But she probably would have been killed or suicided.
Yup wonder how bidens pre pardons will set a president.
Washington seems to have colluded to create protection racket. Fox wrote the script, created the strategy and pounds its messages of intolerance every day.
It is rampant no matter who is in office- it needs to stop, immediately. Now, this average folks suffer thing is well, more than a bit of B.S. You want to see some suffering, go take up residency in China, Russia, hell, almost any other part of the world- even western Europe does not live like we do. We have in many instances become “victims” of our own success. I think it was D’Souza who had a cousin come visit him at whichever Ivy he attended, and his cousin from India marveled at how wealthy our “poor” were. Everything needs to be put in greater context it seems these days.
We are ruled by what is effectively a mafia. Both sides of the political oligarchy operate this way. They are picking at the carcass of American while average folks suffer. History shows that this setup does not end well for anyone.
Absolute corruption … compulsive in-you-face lying.
It’s a big club TEF and you and I ain’t in it.
Absolute power corrupts absolutely, disgraceful. Hopefully the media will out these scumbags.
” The SEC can easily see who placed these bets right before Trump’s big lie. ” – Mister Mish
Can they have done the same with those who shorted airline stocks ?
Why was it and still is a mystery as far as who shorted airline stocks before 9/11 ?
Damn….you beat me to it. Yes, the 9/11 option trades….all trades are traceable and noting ever happened. Just like the situation yesterday, can’t imagine why? (hand rubbing intensifies)
The pre-9/11 spike was investigated – the broker was identified publicly, the end customer was identified but not named.
This is very different to this situation in which investigation is being curtailed.
Israel and the United States have delivered strikes on a pipeline and a gas distribution station in southwestern and central Iran, Fars reported.
According to the news agency, the building of a gas distribution station in Isfahan and a gas pipeline running to a power plant in Khorramshahr on the border with Iraq came under attack.
No injuries have been reported. Material damage was caused to the infrastructure and adjacent residential buildings, the news agency specified.
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today!! IT WAS ALL LIES!!!!!
why would somebody even bother talking w/ clown
i would not even surprised IF IT WAS DONE ONLY FOR INSIDER TRADING!! right before market opened
This is most likely the most corrupt administration in the history of the US.
It didn’t bother you when the liberal leftist Democrats were making billions off of insider trading,
but I guess that’s okay with you…
Care to show us that insider trading?
Rex is off to collect his next statement and opinion from his operators
Do they translate it from Cyrillic for him. I assume his office is adjacent to Aix, somewhere in St Petersburg just off Bullshitski Prospekt.
Well, we could start with Nancy Pelosi, whose stock portfolio performed 8x better than the DJ index during her 37 years in congress, ending up with a $130 million dollar porfolio. Her annualized returns put her in the league with all time greats like Warren Buffet and Peter Lynch. One could suppose that she is the greatest stock picker of all time in her spare time. Or that she used insider trading routinely throughout her politcal career. Which seems more likely to you?
There are though some on the left who do have a positive stance on this. I rarely agree with AOC, but she is an advocate for a total ban on members of Congress holding or trading individual stocks, and doesn’t own any individual stocks herself..
She also refuses all donations from the Israel lobby.
Isn’t everyone in Congress and the Senate allowed to trade on Trumps info since they can do insider trades? So if this is just Nancy Pelosi making a killing is it illegal?
The whole insider trading is legal for Congress/Senate stinks to high heaven and should be removed or anyone should be allowed insider trading. If that were the case then only pump-n-dump / bucket shop type things would be punishable.
You’re right but that’s a distinct (although related) issue.
Companies tied to Donald Trump filed multiple corporate bankruptcies, especially in Atlantic City:
👉 In total, his businesses filed Chapter 11 about 6 times.
Important: these were corporate bankruptcies, not personal ones.
Bottom line
GOOD LUCK! _ _ _ USA.
Trump Plaza cost a reported $240M to build and in the end sold for $20M. It became a dump long before bankruptcy. It had a prime location right at the end of the Atlantic City Expressway across the street from Caesars.
It would be interesting to see the individuals/financial institutions that continued to finance Trump’s pipe dreams despite such a crappy track record.
Maybe Trump’s projects were not designed to make money but launder it.
Bingo! Why do you think he pardoned the Honduran drug kingpin? To take his distribution network just as he took Maduro’s? They either cooperate in luxury or die in prison.
>Maybe Trump’s projects were not designed to make money but launder it.
Ya think?
I was going to leave a comment in the last article. Unbelievable corruption. Would love to know have much his family is getting away with. Who was behind the silver “crash”?
Janestreet
Janestreet had become the largest shareholder of SLV and is notorious for slamming markets. Banned after being caught red-handed in several countries.
This is stealing from people’s retirement accounts. Just a little bit from everyone.
It’s mostly meaningless except for the insiders making a killing and the losers who got stopped out of trades.
So is HF trading that lets wall street front run all trades. But it continues and wall street skims 10s of billions from everyone’s retirement accounts.
Why do you think Hedge fund guys are buying all the sports teams and properties etc from the billions they make. There are plenty of them owning teams now when 10 years ago none did.
The reason why I say it’s “mostly meaningless” now adding “over the long haul” is the markets are going to go where they are going to go.
Long-term bond yields are already back. I would not be surprised to see the S&P do the same tomorrow.
The history of Japan’s efforts to move the Yen is one of total futility.
But yes, anyone who got stopped out, lost money on these manipulations.
Disagree.
It does have a short term bad impact on some people. …and as a result removes liquidity from the market (parking wealth in billionaires pockets).
Also it erodes trust in the market and so has a mid term distortion effect.
I think it is really dangerous to use the line that this is a victimless crime.
Just don’t look at the “Early Life” on all those hedge fund sports-ball team buyers or you might start “noticing” a pattern.
“ITS DUH JUICE!!!!” gets old after a while
Maybe “DUH JUICE” should change their behavior. Stereotypes do not emerge from thin air.
It’s right all the time but that’s the way the smart money bets…