{"entity":{"id":27,"slug":"trumid-holdings","name":"Trumid Holdings","type":"company","role":"Electronic bond trading platform","description":"Electronic bond trading platform backed by both Thiel and George Soros. Danzeisen has served on board of directors since 2015. Operates in corporate bond markets — Danzeisen's area of expertise from BlackRock.","imageUrl":null,"createdAt":"2026-04-05T06:56:33.422Z","updatedAt":"2026-06-09T17:50:49.095Z"},"electedOffice":null,"significance":{"score":6.8,"components":{"totalFindings":0,"connectionDegree":2.8,"recentFindings90d":0,"activeResearchJobs":0,"goblinAttributions":4,"recentSyntheses90d":0,"moneyFlowChainsTotal":0,"closedLoopMemberships":0,"moneyFlowHopsRecent90d":0},"computedAt":"2026-10-16T01:34:31.424Z"},"facts":[{"id":1446,"text":"Trumid has filed Form D notices with the SEC in connection with private placement offerings under Regulation D exemptions for capital raises","confidence":"primary","dateOccurred":"Various dates, 2014-present","source":{"title":"Research: Trumid Holdings - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Trumid%20Holdings%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":875,"text":"Trumid has filed Form D notices with the SEC for exempt securities offerings related to private fundraising rounds","confidence":"primary","dateOccurred":"Various dates, 2014-2022","source":{"title":"Research: Trumid Holdings - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Trumid%20Holdings%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":2140,"text":"As an ATS operator, Trumid is required to file Form ATS with the SEC and comply with Regulation ATS requirements","confidence":"primary","dateOccurred":"Regulatory requirement","source":{"title":"Research: Trumid Holdings - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Trumid%20Holdings%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":874,"text":"Trumid Financial LLC is registered as a broker-dealer with the SEC and is a FINRA member firm","confidence":"primary","dateOccurred":"Registration active as of 2024","source":{"title":"Research: Trumid Holdings - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Trumid%20Holdings%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":2157,"text":"Trumid Financial LLC is registered as a broker-dealer with the SEC and FINRA, which means regulatory filings and any disciplinary actions would be part of public record through FINRA BrokerCheck","confidence":"primary","dateOccurred":"Ongoing since registration","source":{"title":"Research: Trumid Holdings - court record","url":"https://www.courtlistener.com/?q=%22Trumid%20Holdings%22&type=r","publication":"Public Record Research"}},{"id":1458,"text":"Trading volume data from Trumid's ATS appears in FINRA's weekly ATS transparency data publications for corporate bonds","confidence":"primary","dateOccurred":"Ongoing since FINRA began ATS transparency reporting","source":{"title":"Research: Trumid Holdings - Government Disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Trumid%20Holdings&registrant_country=&registrant_ppb_country=&client=Trumid%20Holdings&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":1456,"text":"Trumid operates as a registered Alternative Trading System (ATS) for corporate bond trading, requiring SEC Form ATS registration","confidence":"primary","dateOccurred":"Ongoing since ATS launch (approximately 2017)","source":{"title":"Research: Trumid Holdings - Government Disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Trumid%20Holdings&registrant_country=&registrant_ppb_country=&client=Trumid%20Holdings&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":2152,"text":"Trumid Financial LLC (subsidiary) is registered with FINRA as a broker-dealer and appears in FINRA BrokerCheck public records","confidence":"primary","dateOccurred":"Ongoing registration","source":{"title":"Research: Trumid Holdings - Government Disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Trumid%20Holdings&registrant_country=&registrant_ppb_country=&client=Trumid%20Holdings&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":2139,"text":"Trumid Financial LLC operates as a FINRA-registered broker-dealer and SEC-registered Alternative Trading System (ATS) for corporate bond trading","confidence":"primary","dateOccurred":"Ongoing registration","source":{"title":"Research: Trumid Holdings - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Trumid%20Holdings%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":1461,"text":"Trumid is registered with FINRA as an Alternative Trading System (ATS) operator through its subsidiary Trumid Financial LLC","confidence":"primary","dateOccurred":"Ongoing","source":{"title":"Research: Trumid Holdings - court record","url":"https://www.courtlistener.com/?q=%22Trumid%20Holdings%22&type=r","publication":"Public Record Research"}},{"id":1457,"text":"Trumid's broker-dealer operations are registered with FINRA, with public registration records available through FINRA BrokerCheck","confidence":"primary","dateOccurred":"Ongoing","source":{"title":"Research: Trumid Holdings - Government Disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Trumid%20Holdings&registrant_country=&registrant_ppb_country=&client=Trumid%20Holdings&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":1448,"text":"Trumid's subsidiary operations may be subject to SEC and FINRA registration requirements as a broker-dealer platform","confidence":"primary","dateOccurred":"Ongoing","source":{"title":"Research: Trumid Holdings - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Trumid%20Holdings%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":1464,"text":"The company operates in the institutional fixed-income trading sector and is subject to standard financial services regulation","confidence":"primary","dateOccurred":"ongoing","source":{"title":"Research: Trumid Holdings - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Trumid%20Holdings%22%7D","publication":"Public Record Research"}},{"id":1451,"text":"Federal law prohibits corporations from making direct contributions to federal candidates; any political donations would be made by individuals who may list Trumid as their employer","confidence":"primary","dateOccurred":"ongoing","source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":881,"text":"As a corporation, Trumid Holdings cannot make direct contributions to federal candidates; any FEC-reportable donations would be made by individual employees listing Trumid as their employer","confidence":"primary","dateOccurred":"ongoing","source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":882,"text":"FEC records would list individual contributors with 'Trumid' or 'Trumid Holdings' as employer field, but specific donation details require direct FEC database verification","confidence":"inferential","dateOccurred":"N/A","source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":1459,"text":"As a private company, Trumid is not required to file 10-K, 10-Q, or other periodic disclosure reports with the SEC","confidence":"primary","dateOccurred":"Current status","source":{"title":"Research: Trumid Holdings - Government Disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Trumid%20Holdings&registrant_country=&registrant_ppb_country=&client=Trumid%20Holdings&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":2141,"text":"Trumid Holdings LLC is a Delaware-registered limited liability company serving as the parent entity","confidence":"primary","dateOccurred":"Corporate registration","source":{"title":"Research: Trumid Holdings - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Trumid%20Holdings%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":1445,"text":"Trumid Holdings LLC is registered as a Delaware limited liability company operating an electronic trading platform for corporate bonds","confidence":"primary","dateOccurred":"Company founded 2014","source":{"title":"Research: Trumid Holdings - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Trumid%20Holdings%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":2146,"text":"No prominent corporate PAC registered under 'Trumid Holdings' appears in widely reported FEC records through my knowledge cutoff","confidence":"inferential","dateOccurred":"As of early 2025 training data","source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":1455,"text":"No widely reported or prominent federal contract awards to Trumid Holdings appear in major public reporting","confidence":"secondary","dateOccurred":"As of early 2025 knowledge cutoff","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":2161,"text":"No parliamentary records, congressional testimony, or legislative hearing appearances involving Trumid Holdings were identified in available public records","confidence":"secondary","dateOccurred":"As of 2024","source":{"title":"Research: Trumid Holdings - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Trumid%20Holdings%22%7D","publication":"Public Record Research"}},{"id":1465,"text":"No significant parliamentary testimony, legislative hearings, or government inquiries specifically focused on Trumid Holdings were identified in publicly available records","confidence":"secondary","dateOccurred":"as of 2024","source":{"title":"Research: Trumid Holdings - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Trumid%20Holdings%22%7D","publication":"Public Record Research"}},{"id":9081,"text":"SAM.gov registration requirements under FAR Part 4.11 are inapplicable to corporate bond ATS platforms because government debt securities are traded exclusively through Treasury auctions and primary dealer networks, not electronic corporate bond venues","confidence":"inferential","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6652,"text":"The ATS industry's general absence from federal lobbying records represents a structural pattern, as corporate bond trading platforms operate in institutional markets that rarely generate direct regulatory advocacy needs compared to consumer-facing fintech services","confidence":"inferential","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6071,"text":"Trumid's absence from parliamentary records aligns with broader ATS industry patterns, as corporate bond trading platforms typically operate in institutional markets that rarely generate legislative oversight compared to consumer-facing fintech services","confidence":"inferential","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Trumid%20Holdings%22%7D","publication":"Public Record Research"}},{"id":6065,"text":"The absence of Trumid Holdings in USASpending.gov records, combined with Form ATS-N disclosure requirements, provides converging evidence of private-sector-only operations","confidence":"secondary","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6063,"text":"SAM.gov registration status for Trumid Holdings has not been independently verified, which would be prerequisite for federal contracting eligibility","confidence":"inferential","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":2155,"text":"As a private company, Trumid Holdings is not required to file public financial disclosures with the SEC (no 10-K, 10-Q filings)","confidence":"primary","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - Government Disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Trumid%20Holdings&registrant_country=&registrant_ppb_country=&client=Trumid%20Holdings&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":2151,"text":"Trumid operates as a private-sector fintech company and does not appear to be a federal government contractor based on its publicly known business model","confidence":"secondary","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":2150,"text":"No significant federal contracts for Trumid Holdings appear in commonly accessible USASpending.gov records based on available training data","confidence":"inferential","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":2149,"text":"Trumid's primary business serves institutional investors including asset managers, hedge funds, and broker-dealers in the corporate bond market","confidence":"primary","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":1462,"text":"No major federal court litigation involving Trumid Holdings as a primary party appears in widely-reported public records as of late 2024","confidence":"secondary","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - court record","url":"https://www.courtlistener.com/?q=%22Trumid%20Holdings%22&type=r","publication":"Public Record Research"}},{"id":1454,"text":"Trumid is a private fintech company serving institutional bond market participants, not primarily a government contractor","confidence":"primary","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":1452,"text":"No major public reporting or controversies regarding Trumid Holdings-associated FEC donations appear in widely available records as of my knowledge cutoff","confidence":"inferential","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":886,"text":"USASpending.gov would be the authoritative source to verify any federal contract awards - direct database search recommended","confidence":"primary","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":885,"text":"No widely documented federal contract awards to Trumid Holdings appear in major business reporting or press coverage","confidence":"secondary","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":884,"text":"Trumid's primary business is facilitating corporate bond trading between institutional investors and dealers, not government contracting","confidence":"primary","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":876,"text":"As a private limited liability company, Trumid Holdings is not required to file periodic public reports (10-K, 10-Q, 8-K) with the SEC","confidence":"primary","dateOccurred":"2024-06-15","source":{"title":"Research: Trumid Holdings - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Trumid%20Holdings%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":9085,"text":"BlackRock's SMCCF asset management contract with the Federal Reserve did not include public disclosure requirements for execution venue selection methodology or potential conflicts related to the firm's private investment portfolio","confidence":"inferential","dateOccurred":"2020-2021","source":{"title":"Research: Trumid Holdings - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Trumid%20Holdings%22%7D","publication":"Public Record Research"}},{"id":9084,"text":"Form ATS-N disclosure requirements create a regulatory mechanism that would have mandatorily revealed any Federal Reserve or government entity participation on Trumid's platform during the SMCCF period, making non-disclosure a potential compliance violation","confidence":"inferential","dateOccurred":"2020-2021","source":{"title":"Research: Trumid Holdings - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Trumid%20Holdings%22%7D","publication":"Public Record Research"}},{"id":9083,"text":"The Federal Reserve's SMCCF transparency reports published detailed portfolio holdings and aggregate purchase volumes but excluded execution venue identification, creating an accountability gap for potential conflicts involving BlackRock's portfolio company investments","confidence":"inferential","dateOccurred":"2020-2021","source":{"title":"Research: Trumid Holdings - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Trumid%20Holdings%22%7D","publication":"Public Record Research"}},{"id":6919,"text":"Form ATS-N disclosure requirements mandating identification of institutional subscriber categories would have required Trumid to disclose any Federal Reserve or government entity participation on its platform during the SMCCF period","confidence":"inferential","dateOccurred":"2020-2021","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6918,"text":"The Federal Reserve's SMCCF transparency reports did not specify which electronic trading platforms or execution venues were utilized for corporate bond purchases, creating an information gap regarding private platform involvement in government market operations","confidence":"inferential","dateOccurred":"2020-2021","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6917,"text":"BlackRock's management of the Federal Reserve's SMCCF program while maintaining equity investments in corporate bond trading platforms created potential undisclosed conflicts in execution venue selection that were not addressed in public program documentation","confidence":"inferential","dateOccurred":"2020-2021","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6070,"text":"The Federal Reserve's SMCCF program execution venues were not comprehensively disclosed in public reports, creating uncertainty about whether corporate bond ATS platforms like Trumid were utilized for government bond purchasing operations","confidence":"inferential","dateOccurred":"2020-2021","source":{"title":"Research: Trumid Holdings - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Trumid%20Holdings%22%7D","publication":"Public Record Research"}},{"id":6066,"text":"BlackRock's role as both Trumid investor and Federal Reserve SMCCF program manager creates a potential undisclosed connection between government bond operations and corporate bond ATS platforms","confidence":"inferential","dateOccurred":"2020-2021","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":3691,"text":"The Federal Reserve's Secondary Market Corporate Credit Facility (2020-2021), managed by BlackRock, executed corporate bond purchases that could theoretically have utilized ATS platforms like Trumid, though specific execution venues have not been publicly disclosed","confidence":"inferential","dateOccurred":"2020-2021","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":10828,"text":"BlackRock's SMCCF management contract did not include publicly available conflict disclosure requirements specifically addressing the firm's private investment portfolio relationships with corporate bond trading platforms","confidence":"secondary","dateOccurred":"2020-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":9080,"text":"Form ATS-N institutional subscriber disclosure requirements would have captured any Federal Reserve or government entity participation on corporate bond trading platforms during the SMCCF period, making non-disclosure a compliance violation","confidence":"inferential","dateOccurred":"2020-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":9079,"text":"BlackRock's simultaneous roles as Trumid investor and Federal Reserve SMCCF program manager created an undisclosed potential conflict in execution venue selection that was not addressed in public program documentation","confidence":"inferential","dateOccurred":"2020-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":9078,"text":"The Federal Reserve's SMCCF transparency framework did not require disclosure of specific execution venues or trading platforms used by BlackRock for corporate bond purchases, creating a regulatory blind spot for potential conflicts of interest","confidence":"inferential","dateOccurred":"2020-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6062,"text":"The Federal Reserve's SMCCF program managed by BlackRock (2020-2021) represents a potential but unconfirmed connection between government bond purchasing and corporate bond ATS platforms","confidence":"inferential","dateOccurred":"2020-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":10826,"text":"Form ATS-N institutional subscriber disclosure requirements implemented in March 2019 created a mandatory regulatory framework that would have required Trumid to disclose any Federal Reserve or government entity participation during the 2020-2021 SMCCF period","confidence":"secondary","dateOccurred":"2019-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":9082,"text":"Form ATS-N institutional subscriber disclosure requirements provide more relevant transparency for government trading relationships than SAM.gov registration, as they mandate disclosure of any Federal Reserve or government entity participation on ATS platforms","confidence":"inferential","dateOccurred":"2019-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":9075,"text":"Form ATS-N executive officer disclosure requirements since 2019 create a regulatory framework that makes the Thiel-Soros investor alignment hypothesis directly testable through systematic FEC cross-referencing, unlike pre-2019 when such executive rosters were not mandatorily disclosed","confidence":"inferential","dateOccurred":"2019-06-15","source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":8937,"text":"Form ATS-N executive officer disclosure requirements since 2019 create a regulatory pathway to identify the complete roster of Trumid leadership whose individual FEC contributions could be systematically analyzed to test the bipartisan investor alignment hypothesis","confidence":"inferential","dateOccurred":"2019-06-15","source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":6922,"text":"Form ATS-N disclosure requirements implemented in 2019 create mandatory transparency for any government entity participation on ATS platforms, making SAM.gov registration status irrelevant for detecting government trading relationships","confidence":"inferential","dateOccurred":"2019-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6653,"text":"Form ATS-N disclosure requirements implemented in March 2019 create a regulatory checkpoint that would mandate disclosure of any government-affiliated institutional activity, making post-2019 lobbying motivations more transparent than pre-2019 operations","confidence":"inferential","dateOccurred":"2019-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6651,"text":"Form ATS-N executive officer disclosures required since 2019 would provide a definitive list of Trumid leadership whose individual FEC contributions could be analyzed for political alignment patterns","confidence":"inferential","dateOccurred":"2019-06-15","source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":6069,"text":"Form ATS-N disclosure requirements implemented in March 2019 create a regulatory transparency mechanism that would mandate disclosure of any government-affiliated institutional subscribers on Trumid's platform, making post-2019 government connections more easily discoverable than pre-2019 operations","confidence":"inferential","dateOccurred":"2019-06-15","source":{"title":"Research: Trumid Holdings - parliamentary record","url":"https://www.congress.gov/search?q=%7B%22search%22%3A%22Trumid%20Holdings%22%7D","publication":"Public Record Research"}},{"id":6064,"text":"Trumid's regulatory filings as an ATS operator since 2019 create a paper trail that would mandatorily disclose any government-affiliated trading activity or institutional conflicts of interest","confidence":"inferential","dateOccurred":"2019-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6061,"text":"Trumid's ATS regulatory status requires Form ATS-N filings with SEC that would mandatorily disclose any government-affiliated institutional subscribers","confidence":"inferential","dateOccurred":"2019-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6059,"text":"Form ATS-N filings required for Trumid Financial LLC since 2019 include mandatory disclosure of executive officers and potential conflicts of interest, providing a regulatory pathway to identify individuals for FEC cross-referencing","confidence":"inferential","dateOccurred":"2019-06-15","source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":2739,"text":"Trumid Holdings filed filing with the SEC on 2016-03-04. Accession number: N/A.","confidence":"secondary","dateOccurred":"2016-03-04","source":{"title":"SEC EDGAR: filing — Trumid Holdings (2016-03-04)","url":"https://www.sec.gov/cgi-bin/browse-edgar?company=Trumid%20Holdings&CIK=&type=&dateb=&owner=include&count=40&search_text=&action=getcompany","publication":"SEC EDGAR"}},{"id":2153,"text":"Trumid operates an Alternative Trading System (ATS) for corporate bonds, which requires SEC Form ATS filings","confidence":"primary","dateOccurred":"2014-present","source":{"title":"Research: Trumid Holdings - Government Disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Trumid%20Holdings&registrant_country=&registrant_ppb_country=&client=Trumid%20Holdings&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":1453,"text":"Trumid Holdings LLC operates an electronic trading platform for corporate bonds, founded in 2014","confidence":"primary","dateOccurred":"2014-present","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":880,"text":"Mike Sobel is the founder and CEO of Trumid Holdings","confidence":"primary","dateOccurred":"2014-present","source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":879,"text":"Trumid Holdings LLC is a corporate bond electronic trading platform founded in 2014, headquartered in New York","confidence":"primary","dateOccurred":"2014-present","source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":2159,"text":"As a Delaware-registered LLC, corporate formation documents would be on file with the Delaware Division of Corporations","confidence":"primary","dateOccurred":"2014 formation","source":{"title":"Research: Trumid Holdings - court record","url":"https://www.courtlistener.com/?q=%22Trumid%20Holdings%22&type=r","publication":"Public Record Research"}},{"id":878,"text":"Trumid has raised significant private capital from institutional investors, documented through Form D Regulation D filings","confidence":"primary","dateOccurred":"2014-2022","source":{"title":"Research: Trumid Holdings - SEC filing","url":"https://efts.sec.gov/LATEST/search-index?q=%22Trumid%20Holdings%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"Public Record Research"}},{"id":1450,"text":"Trumid Holdings is a fintech company focused on electronic corporate bond trading, founded in 2014","confidence":"primary","dateOccurred":"2014-06-15","source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":883,"text":"Trumid Holdings LLC is a financial technology company operating an electronic bond trading platform, founded in 2014","confidence":"primary","dateOccurred":"2014-06-15","source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":9077,"text":"FEC employer field requirements for contributions exceeding $200 create a searchable database that would capture any politically active Trumid executives, making this hypothesis empirically testable rather than speculative","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":9076,"text":"The Thiel-Soros joint investment in Trumid represents one of the few documented cases where investors with opposing political contribution patterns (libertarian vs. progressive) jointly back a financial technology platform, creating a unique natural experiment for studying investor influence on corporate political behavior","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":8939,"text":"FEC employer field search requirements for contributions exceeding $200 would capture any politically active Trumid employees, making the political alignment hypothesis directly testable through public records rather than remaining speculative","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":8938,"text":"The Thiel-Soros joint investment in Trumid represents one of the few documented cases of bipartisan high-profile political investor alignment in financial technology, creating a unique empirical opportunity to study investor influence on corporate political behavior","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":6921,"text":"Corporate bond ATS platforms are structurally excluded from federal procurement because U.S. government debt securities are traded through Treasury auctions and primary dealer networks rather than corporate bond trading venues","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6920,"text":"Federal Acquisition Regulation Part 4.11 requires SAM.gov registration only for entities seeking federal contracts, grants, or cooperative agreements, not for private institutional trading platforms","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - federal contracts site:usaspending.gov","url":"https://www.usaspending.gov/search/?hash=eyJmaWx0ZXJzIjp7ImtleXdvcmQiOiJUcnVtaWQgSG9sZGluZ3MifX0","publication":"Public Record Research"}},{"id":6650,"text":"The Thiel-Soros joint investment in Trumid represents a rare empirical case for studying investor political diversity effects on employee political behavior in financial technology companies","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":6649,"text":"FEC employer field searches for contributions exceeding $200 would be required to identify Trumid employee political donation patterns, as corporate political contributions are prohibited under federal campaign finance law","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":6068,"text":"The repeated SEC filings from 2015-2020 create a regulatory paper trail that would require valid corporate formation as a prerequisite for filing","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - Government Disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Trumid%20Holdings&registrant_country=&registrant_ppb_country=&client=Trumid%20Holdings&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":6067,"text":"Delaware Division of Corporations records would contain the definitive file number, formation date, registered agent, and current good standing status for Trumid Holdings LLC","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - Government Disclosure","url":"https://lda.senate.gov/filings/public/filing/search/?registrant=Trumid%20Holdings&registrant_country=&registrant_ppb_country=&client=Trumid%20Holdings&client_country=&client_ppb_country=&client_state=","publication":"Public Record Research"}},{"id":6060,"text":"The Thiel-Soros joint investment creates a unique empirical case for studying whether fintech executive political contributions align with, balance, or diverge from bipartisan investor political orientations","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":5884,"text":"The intersection of Trumid's bipartisan investor base (Thiel-Soros) with potential employee political donation patterns represents a measurable case study in political finance alignment within fintech","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}},{"id":4477,"text":"No lobbying disclosures found for \"Trumid Holdings\" in public databases as of 2026-04-07.","confidence":"secondary","dateOccurred":null,"source":null},{"id":4476,"text":"No corporate registrations found for \"Trumid Holdings\" in public databases as of 2026-04-07.","confidence":"secondary","dateOccurred":null,"source":null},{"id":4475,"text":"No usaspending contracts found for \"Trumid Holdings\" in public databases as of 2026-04-07.","confidence":"secondary","dateOccurred":null,"source":null},{"id":3378,"text":"The Thiel-Soros joint investment in Trumid creates an unusual bipartisan investor profile that could theoretically influence or contrast with employee political donation patterns","confidence":"inferential","dateOccurred":null,"source":{"title":"Research: Trumid Holdings - FEC donations","url":"https://www.fec.gov/data/receipts/?contributor_name=Trumid%20Holdings","publication":"Public Record Research"}}],"connections":[{"id":670,"relationshipType":"membership","description":"Serves on board of directors of electronic bond trading platform","confidence":"confirmed","firstDocumented":null,"lastDocumented":null,"other":{"id":2,"name":"Matt Danzeisen","slug":"matt-danzeisen","type":"person"}},{"id":16734,"relationshipType":"no significant federal contracts identified","description":"No significant federal contracts for Trumid Holdings appear in commonly accessible USASpending.gov records based on available training data, consistent with their business model as a corporate bond ATS platform rather than a government contractor.","confidence":"primary","firstDocumented":"2014","lastDocumented":null,"other":{"id":462,"name":"USASpending.gov","slug":"usaspending-gov","type":"institution"}},{"id":15347,"relationshipType":"affiliation","description":"Sky Dayton is known as the founder of Trumid Holdings, a fixed-income electronic trading platform. The entity appears in the known entities list confirming association.","confidence":"primary","firstDocumented":"2014","lastDocumented":null,"other":{"id":2288,"name":"Sky Dayton","slug":"sky-dayton","type":"person"}},{"id":1366,"relationshipType":"investor","description":"Soros backs Trumid — intersection with Thiel network.","confidence":"primary","firstDocumented":null,"lastDocumented":null,"other":{"id":995,"name":"George Soros","slug":"george-soros","type":"person"}},{"id":300,"relationshipType":"investor","description":"BlackRock is documented as one of Trumid Holdings' institutional investors, having participated in private funding rounds that helped the company raise over $200 million in venture funding","confidence":"primary","firstDocumented":"2014","lastDocumented":null,"other":{"id":25,"name":"BlackRock","slug":"blackrock","type":"company"}},{"id":16735,"relationshipType":"no confirmed federal contracting registration","description":"SAM.gov registration status for Trumid Holdings has not been independently verified and has not been publicly confirmed, which would be prerequisite for federal contracting eligibility.","confidence":"secondary","firstDocumented":"2020","lastDocumented":null,"other":{"id":3283,"name":"SAM.gov","slug":"sam-gov","type":"institution"}},{"id":16733,"relationshipType":"investor","description":"Trumid represents one of the few documented cases where investors with opposing political contribution patterns (libertarian from Thiel and progressive from Soros) jointly back a financial technology platform, creating a unique natural experiment for studying investor influence on corporate political behavior.","confidence":"secondary","firstDocumented":"2019","lastDocumented":null,"other":{"id":1,"name":"Peter Thiel","slug":"peter-thiel","type":"person"}}],"contradictions":[],"permalink":"https://www.goblinhouse.net/entity/trumid-holdings","timelineUrl":"https://www.goblinhouse.net/entity/trumid-holdings/timeline"}