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Tech outperforms after jumbo Fed rate cut: Are bullish signals coming?
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This shouldn't be legal Rep. Michael McCaul just filed ~$16...

This shouldn't be legal

Rep. Michael McCaul just filed ~$16.1M worth of trades

And the conflicts of interest are pretty blatant

This time he disclosed buying another $500K Intel $Intel (INTC.US)$ , buying $750K of Stifel $Stifel Financial (SF.US)$ , & many more

But what's notable about this filing is this:

He sits as chairman on some of the most powerful house committees including:

- The Foreign Affairs
- The Homeland Security
- The Congressional High Tech Caucus
- The Congressional CyberSecurity Caucus
- The Congressional AI Caucus

So buying $500K of Intel while sitting on the AI Caucus, could be a conflict of interest

Or trading $650K in $Meta Platforms (META.US)$ while sitting on the high tech caucus & voting "Yes" to ban tiktok, that may be a conflict of interest

Other names in the filing include Charles Schwab $Charles Schwab (SCHW.US)$ , Shell Gas $Shell (SHEL.US)$ , Google $Alphabet-A (GOOGL.US)$ , and like 50 other companies

To be fair, these all seem to be in his "Spouse" & "Child's" name but still
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