San Francisco Sues Trump Media Over Alleged Insider Trading in Truth Social Posts

San Francisco sues Trump Media for insider trading over early access to Truth Social posts. Lawsuit claims $100K monthly service enables financial gain.

Editorial Desk

September 24, 2026 One Min Read

POLICY WIRE — San Francisco, United States — San Francisco has filed a lawsuit against Donald Trump’s social media platform, Truth Social, alleging that the company engaged in a corrupt business scheme by offering early access to presidential posts for $100,000 per month.

The legal action claims that the Truth API service, which provides exclusive access to content before it is publicly released, constitutes insider trading. This includes posts that may contain sensitive government information, such as trade policies, central bank decisions, and foreign policy updates, which can influence financial markets.

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The lawsuit argues that the high cost of the service disadvantages regular investors and favors wealthy Wall Street firms. It also accuses Trump Media, where Trump holds majority ownership, of violating California law by using nonpublic information for private profit. The city seeks to stop the service and impose penalties for each legal violation.

Reporting by Policy-Wire (PW)

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