Trading Volume In This Nasdaq-Listed Firm Soared Before Don Jr. And Eric Trump Were Announced As Board Members [View all]

Source: Forbes

Breaking
Trading Volume In This Nasdaq-Listed Firm Soared Before Don Jr. And Eric Trump Were Announced As Board Members—‘Suspicious,’ Experts Say

Zach Everson
Forbes Staff
Zach Everson is a staff writer at Forbes covering money in politics.
Mar 5, 2025, 03:13pm EST

Topline Trading in Dominari Holdings Inc. soared ahead of the February announcement that Donald Trump Jr. and Eric Trump had taken stakes in the company and joined its advisory board—an increase some securities law experts called “suspicious.”


President Donald Trump's sons Donald Trump Jr. and Eric Trump attended the first day of the 2024 Republican National Convention in Milwaukee in July. (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)AFP via Getty Images

Key Facts
• Between Feb. 12 and Dec. 29, 2024, trading in Dominari Holdings—a Nasdaq-listed firm that specializes in wealth management, investment banking, sales and trading, asset management and capital investment—averaged 11,500 shares a day, never exceeding 71,000 shares, with a price range of $1.10 to $3.20.

• On Dec. 30, trading shot up to 358,000 shares, kicking off a surge that saw daily volume average 1.2 million shares a day through Feb. 10, 2025—when it skyrocketed to 23.7 million shares—as the stock price climbed from $0.83 to $6.50.

• On Feb. 11, an hour before markets opened, Dominari Holdings announced that Donald Trump Jr. and Eric Trump had joined its advisory board and acquired an undisclosed amount of shares in the company, sending the stock to a 52-week high of $11.33.

• The price peaked at $13.58 two days later but has since fallen, closing at $6.74 on Tuesday.

• Donald Trump Jr., Eric Trump and spokespeople for Dominari Holdings did not respond to inquiries.

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Read more: https://www.forbes.com/sites/zacheverson/2025/03/05/donald-trump-jr-eric-dominari-holdings-stock-nasdaq-trading-volume/

‪Zach Everson‬ ‪@zacheverson.com‬
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Trading Volume In This Nasdaq-Listed Firm Soared Before Don Jr. And Eric Trump Were Announced As Board Members—‘Suspicious,’ Experts Say
Before the company announced the president’s sons as investors and advisory board members, trading volume in the Nasdaq-listed stock jumped.
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New: "Trading Volume In This Nasdaq-Listed Firm Soared Before Don Jr. And Eric Trump Were Announced As Board Members—‘Suspicious,’ Experts Say"

me, for @forbes.com

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— Zach Everson (@zacheverson.com) 2025-03-05T20:16:23.937Z