TechFlow News, March 10: According to Cointelegraph, the U.S. House Select Committee on the Chinese Communist Party has issued investigative subpoenas to three brokerage firms—D. Boral Capital, Dominari Securities, and Revere Securities—requiring them to submit communications records, trading records, and due diligence documents related to Chinese IPOs.
Dominari Securities has drawn particular attention due to its ties to the Trump family: its parent company, Dominari Holdings, is headquartered in the Trump Building in New York City; Eric Trump is the fourth-largest shareholder; and both Eric Trump and Donald Trump Jr. joined the company’s advisory board in February 2025.
The investigation reveals that the aforementioned Chinese companies are suspected of artificially inflating stock prices following their U.S. IPOs and then conducting concentrated sell-offs, causing U.S. investors to lose approximately $16 billion since 2023. Related complaints filed with the FBI have surged by 300% over the same period. The firms must submit the requested documents by this Friday.
