Nancy Pelosi is known for her “creative” stock trades and on inauguration day, while she skipped the Trump inauguration, she, or better her husband, continued the pattern of trades.
While a Pelosi spokesperson said “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” her husband still does trade.
Fox Business reported that Pelosi’s required stock trading disclosure revealed she purchased 50 call options for Alphabet (Google) and Amazon.
Along with the call options, the Pelosi’s also sold over 10,000 shares of Nvidia, and over 30,000 shares of Apple.
Fox Business continues:
Investments made by Paul Pelosi have attracted scrutiny amid mounting calls for members of Congress and their immediate family members to be banned from stock trading.
Last fall, Paul Pelosi sold over $500,000 in Visa stock ahead of a Justice Department antitrust suit against the credit card giant. Earlier last year, an analysis estimated that he made the couple nearly $4 million in a six-month period off of Nvidia call options he bought in November 2023.
Lawmakers’ spouses can trade in companies or industries their partner may help regulate, but it’s illegal for members of Congress and their family members to profit from inside information.
Members of Congress on both sides of the political aisle have proposed legislation in recent years that would ban lawmakers and their family members from owning stock. Bipartisan bills to that end were developed in the Senate during the last Congress, but neither became law before the end of the 118th Congress, leaving the issue to the current Congress.
It remains unclear if Congress will ever pass a law that bans members from trading stocks, but until then, it appears the Pelosi’s will continue doing what they do best.
