Michigan GOP congresswoman and husband busted inside trading Elon Musk's privately held company?

[Anonymous]

Apparently these yokels in Michigan somehow bought shares of Musk's privately held stock days before a Pentagon contract became public? After being busted, the metro Detroit congresswoman goes on TV last night and says she's innocent because had they actually had the inside info, they would have bought 50 times more!

MAGA Rep Gives Jaw-Dropping Defense Against Insider Trading Accusation
Rep. Lisa McClain offered up a bizarre defense in response to a question about potential insider trading.

https://www.thedailybeast.com/maga-rep-gives-jaw-dropping-defense-against-insider-trading-accusation/

[Anonymous]

If it isn't publicly traded, it isn't criminal insider trading.

[Anonymous]

Anonymous wrote:If it isn't publicly traded, it isn't criminal insider trading.

Explain please.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If it isn't publicly traded, it isn't criminal insider trading.

Explain please.

The Securities Acts of 1933 and 1934 apply only to publicly traded securities.

If they got information that other investors didn't get, that is a private matter.

[Anonymous]

let them eat cake

[Anonymous]

Anonymous wrote:If it isn't publicly traded, it isn't criminal insider trading.

OP is too busy ranting to understand anything.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If it isn't publicly traded, it isn't criminal insider trading.

Explain please.

The explanation is that the PP has no idea what insider trading is, and is babbling word salad.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If it isn't publicly traded, it isn't criminal insider trading.

Explain please.

The explanation is that the PP has no idea what insider trading is, and is babbling word salad.

+1 Yes, you can have insider trading for private stock. SEC's reach isn't limited to Nasdaq. It's just harder to enforce for private firms, because even though they deal in shares, public trades are easier to track via filings and market data.

[Anonymous]

Anonymous wrote:If it isn't publicly traded, it isn't criminal insider trading.

Warm regards,
GOP criminals

[Anonymous]

So I worked for SAIC when they had company stock (before they went public). I don't think we were allowed to trade it with anyone outside the company. And I don't think you could cash out until you left the company, which is what I did. YMMV, I guess.

[Anonymous]

It's a traitorous abuse of the office.

[Anonymous]

Anonymous wrote:If it isn't publicly traded, it isn't criminal insider trading.

It's a total non-story! Nothing to see here...

...which is why it's the A1 story in Michigan's conservative-leaning statewide daily right now. lol

McClain '100%' denies insider knowledge of Musk AI investment | The Detroit News
https://www.detroitnews.com/story/news/politics/2026/01/15/congresswoman-lisa-mcclain-100-denies-insider-knowledge-of-elon-musk-grok-xai-investment/88197649007/

[Anonymous]

So she's been in hot water for this sort of thing before
+
She's the No. 3 House Republican
+
Pete Hegseth
+
Elon Musk
+
Private company
+
Gov contract came from outta nowhere

[Anonymous]

We're living in a lawless plutocracy. Everyone is stealing and plundering because there are no consequences under this administration. It's open season until at least 2028.

[Anonymous]

McClain is such a schmuck

God, why do i have such weirdos representing me