Intel: Warren threatens Trump with insider trading probe over Soleimani strike

Sens. Elizabeth Warren, D-Mass., and Chris Van Hollen, D-Md., urged an insider trading investigation into President Donald Trump for reportedly telling Mar-a-Lago guests about the Soleimani strike in advance, according to a joint letter sent to the chairmen of the Securities and Exchange Commission and the Commodity Futures Trading Commission on Monday.

The request comes after a report in The Daily Beast that Trump told guests at his resort up to five days before the Jan. 3 strike against Qasem Soleimani, the commander of Iran's Quds Force, to expect a “big” response to Iran that they would be hearing or reading about “soon.”

Why it matters: Van Hollen, the ranking member of the Senate subcommittee that oversees securities, and presidential contender Warren said that, if true, the report “raises a number of troubling national security questions,” including the president’s mishandling of sensitive national security information and his providing “market-moving” material of trade defense industry stocks and commodities.

Mar-a-Lago includes nearly 500 paying members, according to the request, including dozens of real estate developers, Wall Street financiers, energy executives and others whose “businesses could be affected by Mr. Trump’s policies.” The letter highlighted stock prices of Northrop Grumman, Lockheed Martin and Raytheon increasing between the days before and immediately after the attack.