AiCoin
AiCoin|Mar 10, 2026 11:49
[U.S. House Investigates Three Brokerages Related to Chinese IPOs] The U.S. House Select Committee on the Chinese Communist Party has issued investigation letters to D. Boral Capital, Dominari Securities, and Revere Securities, requesting communication records, transaction records, and due diligence documents related to Chinese IPOs. Dominari Securities has drawn significant attention due to its ties to the Trump family. Its parent company, Dominari Holdings, is headquartered in Trump Tower in New York, with Eric Trump as the fourth-largest shareholder. Additionally, Eric Trump and Donald Trump Jr. are set to join the company’s advisory board in February 2025. Investigations have revealed that Chinese companies allegedly manipulated stock prices through U.S. IPOs and then engaged in concentrated sell-offs, causing U.S. investors to lose approximately $16 billion since 2023. FBI-related complaints have increased by 300% during the same period. The companies are required to submit the requested documents by this Friday.
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