White House Warns Staff Against Insider Trading Following Suspicious Trades Ahead of Iran Ceasefire

Internal Memo Prohibiting Insider Trading

The Wall Street Journal reported on September 9 that the White House issued an internal memo to all staff on March 24. This memo explicitly prohibits the use of confidential information across financial markets, including the rapidly growing prediction markets.

The issuance of the memo was triggered by over $760 million in crude oil futures contracts traded in less than two minutes, approximately 15 minutes before President Trump announced a temporary halt to attacks on Iran...