US Democratic lawmakers press SEC to probe Trump Media's fast feed

NEW YORK, July 29 (Reuters) - Democratic senators Elizabeth Warren and Adam Schiff have asked the U.S. securities regulator to probe whether Truth Social parent Trump Media's DJT.O plan to sell early access to President Donald Trump's social media posts breaks the law, according to a letter reviewed by Reuters.

Trump Media, or TMTG, unveiled a paid, licensed data feed this month that will give trading firms "the fastest" access to posts from the 10 most influential Truth Social accounts, including Trump's. The letter, sent on Tuesday, ramps up pressure on the product, as well as any Wall Street firms that may have bought the feed, potentially increasing what some industry sources said they believed to be legal, political and regulatory risks.

"This appears to be an outrageous abuse of the President's office for his personal benefit that undermines everyday investors and the integrity of our markets, while enriching Wall Street and other wealthy insiders," Warren and Schiff said in the July 28 letter to Securities and Exchange Commission Chairman Paul Atkins.