'Absolutely worth investigating' unusual oil trades tied to war, says fmr. SEC Enforcement Attorney

• A significant volume spike in WTI crude oil occurred on Monday, March 23, at 6:50 AM ET, followed by a price plunge 15 minutes later after President Trump posted about halting planned attacks on Iranian infrastructure.
• Jacob Frenkel, Fmr. SEC Enforcement Attorney, believes these trades are 'absolutely worth investigating' by the CFTC (for oil) and the SEC (for equities like S&P futures).
• Frenkel sees parallels between these unusual trades and mysterious market activity, including put option trading and short selling, observed before the 9/11 terror attacks.
• The investigation process should involve pulling trade records, identifying traders, and connecting their links to potential sources of material non-public information, emphasizing 'follow the trading, follow the money'.

The discussion focuses on unusual oil trades, specifically a WTI crude oil volume spike on March 23, followed by a price plunge after a presidential announcement regarding Iran. Former SEC Enforcement Attorney Jacob Frenkel advocates for a thorough investigation by the CFTC and SEC, drawing parallels to mysterious market moves before 9/11, to ensure market integrity and identify potential insider trading.