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#ritchie-torres — Public Fediverse posts

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  1. undefined | Rep. Ritchie Torres calls for probe into futures trades placed ahead March pause on Iran hostilities

    Rep. Ritchie Torres, a Democrat from New York, sent a letter to the chairs of the Securities and Exchange Commission and the Commodity Futures Trading Commission urging a formal investigation into a spiking wave of oil and equity‑futures trades that occurred just minutes before President Donald Trump announced a five‑day pause on attacks against Iran’s energy infrastructure in March. Torres highlighted that, in the 15‑minute window preceding the announcement, traders executed more than $500 million of crude‑oil futures contracts—an activity he described as “statistically impossible” without insider knowledge. He argued that the timing, scale and lack of hedging indicated the trades were likely the result of insider information rather than normal market behavior.

    The SEC declined to comment while the CFTC did not immediately respond to requests for comment. Reuters reported that a massive surge in futures‑trading volume was observed in the minutes before Trump’s announcement, with the price‑prediction market platform Polymarket also showing abnormal betting activity that anticipated a decline in oil prices and a rebound in equities. In his interview, Torres said the episode could be “one of the largest instances of insider trading in history,” and urged both agencies to coordinate in obtaining comprehensive trading records. He noted a lack of confidence in the regulators’ ability to police such activity, but stressed the necessity of “agitating for accountability” to prevent regulators from turning a blind eye.

    Torres’ call for a probe follows earlier efforts to curb potential insider trading on prediction‑market platforms. Earlier this year he introduced legislation that would bar federal officials, congressional staff and political appointees from buying or selling event contracts on platforms like Polymarket when they possess material nonpublic information. The bill, which has 42 Democratic co‑sponsors, is unlikely to pass in the current Republican‑controlled House but reflects growing bipartisan concern. Recent letters from a group of House Democrats have also questioned the CFTC’s oversight of offshore prediction markets, citing high‑profile cases tied to U.S. government actions in Venezuela and Iran as evidence that existing regulatory frameworks are insufficient to police these fast‑growing markets.

    Read more: undefined

    #ritchietorres #securitiesandexchangecommission #commodityfuturestradingcommission #iran

  2. Lucrative online trades on Maduro ouster spur new bill to ban #Polymarket #insidertrading
    Rep. #RitchieTorres' (D-N.Y.) bill comes in response to huge profits some traders on Polymarket made betting on Maduro's ouster shortly before Venezuelan president was extradited to the U.S.
    While such insider trading in capital markets is already illegal and often prosecuted by Justice Department and Securities & Exchange Commission, online prediction markets are far less regulated.
    axios.com/2026/01/05/venezuela

  3. Moderate #Democrats change their tone on Israel

    #RitchieTorres is threading a needle after emphatic defense of Israel for most of the war.

    from #Politico
    08/04/2025 05:55 AM EDT

    [It's disgusting how feeble and late this is, but it is an indication of how popular sentiment continues to shift against #Israel. 👍 ]

    In recent days, a majority of #Democratic senators voted for a resolution to bar the sale of assault rifles to #Israeli police, a marked change in the party since the start of the military conflict. Their unprecedented rebuke comes as polling shows slipping support for Israel among Democratic voters, signaling the prolonged war has potentially caused permanent damage to the country’s relationship with the Democratic Party.

    politico.com/news/2025/08/04/m

    #StopStarvingGaza
    #BlockTheBombs
    #SolidarityWithPalestineIsNotAntisemitism
    #EqualRightsForAllFromTheRiverToTheSeaIsNotAntisemitic
    #Gaza #Palestine #MiddleEast #WestAsia
    #USA #US #USPol
    #news #press #politics @palestine

  4. #RitchieTorres stated on July 20, 2025 in an interview on #CNN's "State of the Union":
    “Since #DonaldTrump's inauguration, we have seen an 11% decline in the #valueofthedollar, the steepest decline in more than a half a century.”

    politifact.com/factchecks/2025

    #factcheck

  5. The Dem's big idea,....."Crypto!"

    So a pyramid scheme that rips off retail investors, that's what the Dems want to get behind. Not stuff like Human Rights or tackling Inequality, just another nazi hustle that is an insult to Life itself.

    #USPOL #RitchieTorres #Hustlers #Grifters

  6. Dear Congressman @RepJimHimes ,

    Don't you think that the unstable dangerous criminal and national security threat should be impeached, convicted, and removed for any/all of the myriad of illegal acts he commits on a daily basis?

    Why don't you speak about this? Isn't it time to demand the Constitutional remedy for a lawless executive?

    Thanks.

    #RitchieTorres #USPolitics #uspol #HouseOfReps #Illegal #Unconstitutional #Firings #Clowns #buffoons #doge #elon #FascistTakeover

  7. Dear Congressman @RitchieTorres ,

    Don't you think that the unstable dangerous criminal and national security threat should be impeached, convicted, and removed for any/all of the myriad of illegal acts he commits on a daily basis?

    Why don't you speak about this? Isn't it time to demand the Constitutional remedy for a lawless executive?

    Thanks.

    #RitchieTorres #USPolitics #uspol #HouseOfReps #Illegal #Unconstitutional #Firings #Clowns #buffoons #doge #elon #FascistTakeover

  8. Congressmember #RitchieTorres, the #AIPAC shithead, kvetches about how dare constituents say he's not doing enough or how dare they contact him or whatever.

    This is the same heartless piece of shit who insulted #Palestinian-American Congressmember #RashidaTlaib during this Palestinian Holocaust over the last year and a half; during a time when she still has family in Palestine🇵🇸 .

    AND this is the same @RitchieTorres who said he couldn't get laid, because , frankly, dudes :newpride: don't find GENOCIDE sexy.

    Hey, Mr. Torres! You can't be a zaddy on the outside and an ugly monster on the inside, Dorian Gray!

    #FromtheRivertotheSea #PalestineWillBeFree 🇵🇸

  9. @waldo.net #RoKhanna is just a tool of the #NerdReich. huge crypto booster, shill for the valley, etc. he's always been like this which is why he (and #RitchieTorres and 2-4 others) are always trotted out by the #broligarchs as examples of "good" democrats.

  10. @dangillmor ro khanna is a member of the #Blockchain8 and has always been in the pocket of #TheNerdReich. same deal when you hear Marc Andreessen et al. wax poetic about #RitchieTorres.

  11. "Everything bad that the Fascists do is ultimately the fault of progressive activists" is a bizarre dogma.

    We gotta call this shit out, even when it comes from a Black homosexual Zionist nitwit.

    #FuckOffTorres #Musk #Elon #ElonMusk #Republicans #RitchieTorres #Torres #TheCons #Liars #Demented #Idiots #Gibberish #Clowns #ConvictedFelonDon #Trump #Criminal #USpol #USpolitics #Tesla #SpaceX #NASA

  12. #RitchieTorres (D-NY) is a real talent. Let's hope his common-sense take on reality is listened to by #Democrat leadership and the loud extremism of #TheSquad is listened to slightly less.