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House Panel Scrutinizes Trump-Linked Broker Over Chinese IPO Schemes

House Panel Scrutinizes Trump-Linked Broker Over Chinese IPO Schemes

Author:

Global Cryptocurrency

Published:

2026-03-11 10:18:29

16

3

BTCCSquare news:

A US congressional committee is investigating Dominari Securities and other brokerages tied to Chinese IPOs that allegedly enabled pump-and-dump schemes. The House Select Committee on the Chinese Communist Party has demanded documents from Dominari—linked to Eric Trump and Donald Trump Jr.—alongside Revere Securities and D Boral Capital.

The probe focuses on underwriting deals for Chinese small-cap stocks that saw violent price swings post-listing, resulting in retail investor losses. The DOJ has already seized $214M in proceeds and filed indictments related to the alleged manipulation.

Committee Chair John Moolenaar and Ranking Member Ro Khanna gave firms until week’s end to submit internal communications, trading records, and compliance documentation. The letters specifically seek IPO marketing materials and funding source details.

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