The Securities and Exchange Commission has already subpoenaed Digital World itself requesting similar information.
Digital World also announced in the SEC filing that one of its directors, Bruce Garelick, informed the company that he was resigning effective June 22.
The company said Garelick’s resignation was not the result of any disagreement with Digital World’s operations, policies or practices.” Yet the filing also said the subpoenas sought information regarding “communications with or about multiple individuals, and information regarding Rocket One Capital” — a Miami-based venture firm where Garelick is chief strategy officer.
The company said in a statement Monday that “TMTG is focused on reclaiming the American people’s right to free expression. Every day, our team works tirelessly to sustain Truth Social’s rapid growth, onboard new users, and add new features.”
TMTG added that “we encourage — and will cooperate with — oversight that supports the SEC’s important mission of protecting retail investors.”