Trump in Hot Water as Truth Social Membership Scheme Poses Insider Trading Concerns

Aug 12, 2026 | “How legal is this for the president, who speaks publicly for all Americans…now this is barricaded access only to people who pay.”

For $100,000 a month, subscribers to Truth Social would get early access to posts from President Trump, which could be market-moving, raising concerns as to whether the scheme would promote insider trading.

The Insider Trading Suspicions Looming Over Trump's Presidency | BBC News

Apr 20, 2026 | Throughout US President Donald Trump's second term in office, traders have been betting millions of dollars just before he makes major announcements.

The BBC has found a consistent pattern of spikes in trades and finical markets just hours, or sometimes minutes, before the president's most significant market-moving statements were made public.

Some analysts say it bears the hallmarks of illegal insider trading, whereby bets are made by people based on information that is not available to the general public.

While others say that some traders have become more adept at anticipating the president's interventions.

«Dass seine Glaubwürdigkeit beschädigt ist, bricht mir das Herz»
Kashya Hildebrand, die Ehefrau des am Montag zurückgetretenen Präsidenten der Schweizerischen Nationalbank, fühlt sich schuldig und ist wütend. «Hätte ich bloss das Chaos erahnt, in das ich das Land gestürzt habe», sagt die Galeristin in Singapur einer Reporterin des Tessiner Fernsehens.


SCHWEIZER FERNSEHEN: «Dass seine Glaubwürdigkeit beschädigt ist, bricht mir das Herz» » | sf/schubeca | Mittwoch 11. Januar 2012

Murky Politics Behind Fall of Swiss Banker

BBC: The resignation of Philipp Hildebrand as head of the Swiss National Bank (SNB) is front page news not just in Switzerland, but around the world.

His wife Kashya's questionable currency deals (Kashya Hildebrand used Swiss francs from the couple's joint account to purchase $500,000 just as the franc reached a record high, and only three weeks before her husband took measures to effectively devalue the franc) have cost him his job, and raised serious questions about his judgement.

But behind the headlines lies a much murkier tale of political intrigue.

Philipp Hildebrand, who took up his post in 2010, aged 46, was the youngest ever head of the SNB.

He began his job just as the Swiss financial sector looked to be recovering from a major financial crisis. Over-exposure to sub-prime mortgages had brought Switzerland's biggest bank, UBS, to the brink of ruin; it was only rescued by a government bailout.

Mr Hildebrand was instrumental in creating new "too big to fail" legislation requiring Swiss banks to reduce risk, and to hold more capital. It was a move which found favour in government circles, but earned him enemies among Switzerland's banking elite.

At the same time, pressure was growing on Switzerland to relax its strict banking secrecy and to hand over tax revenue owed to the US and European countries by their citizens who had put money in Swiss banks in the hope of evading tax.

Here again, Mr Hildebrand indicated he would like to see more openness from the banks - his stance aroused the anger of the right-wing Swiss People's Party, one of the staunchest defenders of banking secrecy.

European ties

Relations with Europe also became a stick with which to beat Switzerland's top banker.

Mr Hildebrand publicly acknowledged that the success of the Swiss economy was bound up with that of Europe's, and called for more openness and integration from non-EU Switzerland in its relations with Brussels.

This enraged the Swiss People's Party, which has long campaigned against closer ties with the EU.

When Mr Hildebrand announced a ceiling for the Swiss franc against the euro, in an attempt to protect Switzerland's export markets in the face of a soaring franc (60% of Swiss exports go to the EU) the People's Party accused him of trying to take Switzerland into the eurozone by the back door.

This despite the fact that Swiss business leaders, facing reduced orders and disappearing profits, had been begging the SNB to intervene.

Political sour grapes?

In fact, from the moment Mr Hildebrand took office, the People's Party has campaigned against him. Its charismatic leader, Christoph Blocher, made no secret of his contempt for the SNB's new chairman, suggesting he was too young and inexperienced for the job.

Some political commentators have suggested simple jealousy may also partly explain Mr Blocher's stance. Political sour grapes? » | Imogen Foulkes, BBC News, Geneva | Tuesday, January 10, 2012

DIE WELTWOCHE: Editorial – Hildebrands Geschäfte: Ein spekulierender NotenbankChef ist ein Sicherheitsrisiko. Die Medien spielen eine dubiose Rolle. » | Von Roger Köppel | Mittwoch 11. Januar 2012

Swiss Bank Chief Philipp Hildebrand Quits

THE DAILY TELEGRAPH: Philipp Hildebrand, the embattled head of the Swiss central bank, has resigned with immediate effect after admitting that he had no proof that his wife made controversial currency trades without his knowledge.

Speaking at a press conference in Bern, Mr Hildebrand said:

"In view of the continued public debate centred on these financial transactions and following detailed examination of all documentation and reflection since the news conference, I have come to the conclusion it is not possible to provide conclusive and final evidence that my wife did initiate the transaction without my knowledge.

"The fact is my word is my bond I had no knowledge of my wife's transaction on that day."
Mr Hildebrand added that that he hoped the move would "allow the SNB to retain its credibility, which is its greatest assset."

Kashya Hildebrand, a former hedge fund trader who now runs a Zurich art gallery, bought Sfr400,000 (£272,363) for $504,000 on August 15. The trades were made three weeks before the SNB set a minimum exchange rate of 1.20 Swiss francs per euro to stem massive inflows of money from the eurozone which was hurting the Swiss economy. » | Szu Ping Chan | Monday, January 09, 2012


FXNEWS: Hildebrand’s FX dealing could cost Switzerland billions: » | Peter Garnham | Friday, January 06, 2012