Trading In This Firm Soared Before Trump Sons Named Advisory Board Members—‘Suspicious,’ Experts Say

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5 • 4 Ratings

🗓️ 19 March 2025

⏱️ 12 minutes

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Summary

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.” Forbes staff writer Zach Everson joins "Forbes Talks" to discuss.

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0:00.0	Hi everybody. I'm Brittany Lewis, a breaking news reporter here at Forbes.
0:06.0	Joining me now is my Forbes colleague, staff writer Zach Everson.
0:09.0	Zach, thanks so much for coming back on.
0:12.0	My pleasure, Brittany.
0:14.0	You have even more news about Domini
0:17.0	Holdings and Donald Trump Jr. and Eric Trump's involvement in the firm,
0:22.6	we have a lot to parse through,
0:24.0	but first talk us through what exactly
0:26.7	does Domini Holdings do?
0:30.3	It seems like it'll do anything that'll make it some money.
0:33.3	It's a holding company.
0:34.5	It has pharmaceutical subsidiary.
0:38.1	It works in finance.
0:40.4	You know, it's most notable, it was a penny stock.
0:43.9	Nobody really paid it much attention.
0:46.0	It was most notable that it had a Trump Tower address to it.
0:49.4	Other than that, it's not something anybody would have heard about until February 11th, when it announced that Donald Trump Jr. and Eric Trump had joined its advisory board and also participated in a private placement, bought some shares in the company.
1:06.0	So not only does it have a Trump Tower address, it has two of the Trump sons on board. I want to read one of
1:12.2	your headlines from this story, quote, Trump's sons joined Domini Holdings Advisory Board,
1:17.6	but there's little public record the board existed beforehand. Can you explain exactly what you
1:23.0	mean there? Yeah, I went ahead and looked for evidence that this advisory board had been an entity prior to
1:31.7	the Trump's joining it.
	...

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