BlackRock affiliate Austin Private Wealth sold 12 million shares of Trump Media & Technology Group (DJT.O) short the day before Trump was assassinated, and was subsequently investigated by the SEC.

Austin Private Wealth manages about $1 billion in assets, with major shareholders including BlackRock and Vanguard. The coincidence of the short selling time has raised market suspicions of insider trading. If the attempt to assassinate Trump is successful, the stock price of Trump Media & Technology Group (DJT) will plummet. Austin Private Wealth stands to make a huge profit, estimated to be between $696 billion and $1 trillion. However, the company has stated that the trade was a registration error and they had no intention of profiting from the tragedy. Austin Private Wealth explained that due to a technical glitch in the trading system, the short sale order was placed in error, the trade took place on June 28, was made public on July 12, and the error was discovered and corrected on July 16.
It is reported that SEC is reviewing the internal communications and trading records of Austin Private Wealth to determine if there is any improper conduct. If evidence of illegal activities is found, the investigation may result in severe penalties (decripto)