A proposal by Trump Media & Technology Group to charge financial firms up to $100,000 for high-speed access to President Donald Trump’s social media posts has triggered immediate resistance from Wall Street executives and legal teams.
The service, designed to provide a low-latency feed of the president’s updates, is being viewed by many in the industry as a potential compliance minefield rather than a viable data product.
Industry leaders are questioning the legality and ethics of paying for preferential access to information that can move markets.
The core concern is that such a feed could create an uneven playing field, where only those who pay the premium receive real-time signals on policy shifts or economic commentary before the broader public.
This raises significant issues regarding market fairness and potential violations of securities regulations governing material non-public information.
The backlash comes as Trump Media continues to face scrutiny over the alignment between the president’s public statements and his private financial interests.