What a meaningless article. But it is from gizmodo so I am not surprised.<p>Anyone who has a decent amount of ETF that tracks SP500 (or similar) would have a significant portion of their money in Apple, Meta, Microsoft etc. That has been the case for years.
Ban insider trading, not legislation.<p>Anyway, Legislators profiting by moving wealth from China to USA is less insidious than the reverse.<p>$124M?
That's like Dr Evil's "one meeeellion dollars".
The mentioned companies are with about $10T total.
The real money trading on news is in option, not holding equities.
While I think this article is a bit of a nothing burger, I really wish politicians had the same rules for purchasing stocks as employees of a company. Specific times when purchases can be made and stock purchase plans. Maybe even limit them to index funds.
> Politicians Who Voted to Ban TikTok May Own as Much as $126M in Tech Stocks<p>No. What is this ? Witch hunting ? /s<p>And, anyway, how much they get from "Tech" besides stocks ?