Krishnamoorthi Demands Hearing on Possible Insider Trading by Trump Officials on Iran War

Congressman Raja Krishnamoorthi, a senior member of the House Committee on Oversight and Government Reform, has formally urged Chairman James Comer to hold a public hearing and open a comprehensive committee investigation into allegations that senior Trump administration officials—or those acting on their behalf—may have engaged in unethical or illegal trading based on confidential intelligence related to the ongoing war in Iran.

In a letter sent to Comer, Krishnamoorthi flagged recent reports suggesting that some officials might have used nonpublic information about military operations and national security decisions to profit from market movements. These reports include suspicious activity in prediction markets tied to the timing of U.S. strikes on Iran, raising serious questions about insider trading and conflicts of interest.

Specifically named are Secretary Pete Hegseth and Special Envoy Jared Kushner, the latter of whom reportedly failed to file required financial disclosures, compounding concerns about transparency and accountability. Krishnamoorthi’s letter emphasizes that these troubling incidents might be symptomatic of broader systemic failures to enforce ethics safeguards among the Trump administration’s senior leadership.

The letter calls on Chairman Comer to: - Evaluate whether current ethics rules and training adequately prevent trading on sensitive military and national security information. - Review financial disclosures and transactional records of key officials, including Hegseth and Kushner, for signs of insider trading or conflicts of interest. - Investigate any financial activities by officials or their associates in sectors impacted by the Iran war, such as defense and energy. - Examine the role of agency ethics offices, including at the Department of Defense, in monitoring and addressing potential conflicts. - Consider whether stricter rules, disclosure requirements, or divestiture mandates are necessary to prevent officials from profiting off war-related intelligence. - Require sworn testimony from implicated officials to fully address these allegations before the committee.

Krishnamoorthi’s demand for oversight comes amid growing public concern over the integrity of government decision-making during a volatile military conflict. If these allegations prove true, they would represent a stark abuse of power and a betrayal of public trust at the highest levels of the Trump administration.

The full letter is publicly available on Krishnamoorthi’s official website. This investigation could expose yet another layer of corruption and ethical failure in an administration already marred by scandals involving conflicts of interest and self-dealing.

We will continue to follow this story closely as it develops.