Did Michael McCaul just Insider trade via his son?🚨
Did a Politician just Insider trade via his son?🚨 Mike McCaul (R) is the Head of the Foreign Affairs Committee and has led the movement to ban Tiktok in the US Back in Nov, he filed ~$400K worth of $META buys in his spouse & 21 Year Old Son's Names Since then, $META is up 70%
Rep. McCaul is expected to hold a Foreign Affairs Committee vote on the ban later this month If passed the vote will then move onto the House Floor And If an outright ban of Tiktok does pass, $META through their Instagram Reels product will benefit greatly
$META Trade Timeline: Spouse sell - $50K @ $91 on 11/4 Spouse buy - $100K @ $114 on 11/14 Spouse buy - $100K @ $112 on 11/18 Child sell - $50K @ $91 on 11/4 Child buy - $100K @ $96 on 11/8 Child buy - $100K @ $114 on 11/14 $META now: $188
Source on the trades: (unreal its 2023 & the filings still look like this)
The person leading the “ban TikTok” movement in congress is congressman Michael McCaul— Chair of the Foreign Affairs Committee. In November, $400k in his wife and sons name was invested into Meta stocks— a competitor of TikTok. This is clearly a conflict of interest.
Michael McCaul (R) is the head of the Foreign Affairs Committee and has led the movement to ban Tiktok in the US. Back in Nov, he filed ~$400K worth of $META buys in his spouse & 21 Year Old Son's Names Since then, $META is up 70%