Tag: insider trading

Nancy Pelosi Supports Ban on Congressional Insider Trading — ‘Hell Is Freezing Over’

We’re feeling the heat of summer in Washington, DC, but hell is freezing over anyway. 

Why? Because veteran stock market wizard Rep. Nancy Pelosi (D-CA), has come out in support of a bill that will ban members of Congress from trading in stocks or options. 

For late arrivals, former House Speaker Pelosi has for more than a decade been the poster child for members of Congress who became rich by trading on inside information to predict the movement of the stock market. Pelosi has long tried to deflect criticism by saying that her husband makes all the stock moves, but the numbers don’t lie: While the S&P index is up by 240 percent over the last 10 years, Pelosi and her husband are up an eye-popping 745 percent.  

Peter Schweizer, who wrote about congressional stock speculating in the 2011 book Throw Them All Out, notes on the latest episode of The Drill Down podcast that when she first came to Congress, Nancy Pelosi was worth “a couple million.” Today, “she and her husband are worth about $260 million.” 

Schweizer and the Government Accountability Institute (GAI) documented her fortunate efforts in the stock market, which is detailed in a clip in today’s show. She managed to stop a bill from coming to the House floor that would have harmed Visa, Inc. She subsequently was part of that company’s initial public offering and, in two days, watched her shares go from $44 to $64 a share. 

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Insider Trading Runs Deep Within the Democrat Party

Democrats routinely claim to be defenders of ordinary Americans against Wall Street corruption. Yet, their financial disclosures reveal a pattern of insider trading that dwarfs what they accuse Republicans of doing. 

Insider trading exists on both sides of the aisle, but when Democrats are involved, the media looks the other way and pretends it doesn’t exist.

No example is more blatant than former Speaker Nancy Pelosi. According to financial disclosure reports, Pelosi and her husband, Paul, reported stock trades worth as much as $30 million in technology companies during her time in leadership. 

These trades weren’t random investments. In March 2021, Paul Pelosi exercised Microsoft options valued at up to $5 million, just weeks before the company secured a $22 billion U.S. Army contract for augmented reality headsets. 

In July 2021, he purchased shares of Alphabet worth between $1 million and $5 million while the House was debating legislation on Big Tech regulation. Later that year, he bought up to $3.3 million in Tesla stock as Democrats pushed for billions in electric vehicle subsidies. 

Pelosi repeatedly called criticism “nonsense,” but the profits are undeniable.

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Pelosi Is Just the Tip of the Democrats’ Insider Trading Iceberg

When the topic of insider trading in Congress comes up, Democrats are quick to accuse Republicans of corruption. Yet when the violations involve one of their own, the outrage disappears. 

The STOCK Act, passed in 2012, was intended to prohibit lawmakers from trading stocks using inside information gained through their official duties. It requires members of Congress, their spouses, and senior staff to report certain financial transactions over $1,000 within 45 days. 

In theory, that makes it harder for lawmakers to conceal suspicious trades. In practice, the penalty for violating the law is $200—an amount so trivial it might as well be nothing.

In 2023, former Speaker Nancy Pelosi (D-CA11) nearly tripled the S&P 500’s returns. That performance alone drew public criticism. But Pelosi is not unique. Many in Congress are guilty of similar behavior—and the most revealing cases are the ones where the democrats stays silent.

One of the clearest examples came when Democrat Rep. Tom Suozzi of New York repeatedly failed to file his transaction reports on time. Across nearly 300 personal financial transactions worth at least $3.2 million, Suozzi ignored the STOCK Act’s deadlines. When asked whether he paid fines for the violations, Suozzi either refused to comment or simply didn’t respond.

The independent Office of Congressional Ethics (OCE) investigated and unanimously concluded there was “substantial reason to believe” Suozzi violated the STOCK Act. But when the case reached the House Committee on Ethics, the outcome was predictable. 

The committee ruled there was not “clear evidence” that he had committed “knowing or willful” violations, effectively dismissing the charges.

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Trump Torches ‘Disgusting Degenerate’ Nancy Pelosi and Her Shady Husband for Insider Trading

President Donald Trump unleashed a scorching takedown of “disgusting degenerate” Nancy Pelosi and her “interesting” husband Paul on Truth Social on Saturday evening.

In a post that’s already going viral, Trump pointed to the Pelosis outperforming every hedge fund genius on Wall Street in 2024.

“Crooked Nancy Pelosi, and her very ‘interesting’ husband, beat every Hedge Fund in 2024,” Trump’s post began. “In other words, these two very average ‘minds’ beat ALL of the Super Geniuses on Wall Street, thousands of them.”

Trump did not hold back, accusing the former House Speaker of abusing “inside information.”

“It’s all INSIDE iNFORMATION!” Trump wrote. “Is anybody looking into this??? She is a disgusting degenerate, who Impeached me twice, on NO GROUNDS, and LOST! How are you feeling now, Nancy???”

Paul Pelosi, a venture capitalist, achieved notable returns in his investment portfolio in 2024, reportedly exceeding 54%, which outperformed many professional hedge funds. This, of course, has raised questions and concerns about whether access to non-public information from his wife’s position in Congress played a role.

Recent trades include selling $24 million in Apple shares and $5 million in Nvidia in January 2025, followed by purchasing shares in Tempus AI, which rose nearly 50% shortly after. Another example is the sale of over $500,000 in Visa shares weeks before a Department of Justice antitrust lawsuit against the company was announced.

Nancy Pelosi’s net worth is estimated at over $240 million, with investments in companies like Alphabet, Amazon, and Palo Alto Networks.

Last month, the former Speaker exploded on CNN’s Jake Tapper when he pressed her about the insider trading allegations.

“Ridiculous!” she snapped, accusing Trump of “projecting” while conveniently ignoring her family’s suspiciously perfect timing. She went on to demand that she was there to discuss the 60th anniversary of Medicaid.

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Pelosi Panics on CNN When Pressed About Insider Trading

Nancy Pelosi appeared rattled and visibly annoyed during a CNN interview this week when anchor Jake Tapper confronted her with Donald Trump’s accusations of insider trading. The former House speaker had joined the program to discuss the 60th anniversary of Medicaid, but things quickly went off-script when Tapper tried to bring up Trump’s pointed remarks.

Tapper began to quote Trump, saying, “Nancy Pelosi became rich—” before Pelosi abruptly cut him off. “Why—why do you have to read that?” she snapped, clearly not happy with where the discussion was going.

Tapper attempted to defuse the tension, saying he just wanted to give her a chance to respond to Trump’s claims. But Pelosi was having none of it. “We’re here to talk about the 60th anniversary of Medicaid. That’s what I agreed to come to talk about,” she protested.

The tension only escalated as Tapper continued, “He accused you of insider trading. What’s your response to that?”

Pelosi has long faced accusations of insider trading due to her husband Paul Pelosi’s lucrative stock trades, often timed around key congressional actions. Critics allege the Pelosis have profited from privileged information, pointing to trades involving companies like NVIDIA, Apple, and Visa that coincided with legislation affecting those industries. Watchdog groups and bipartisan lawmakers have pushed for stricter regulations or outright bans on congressional stock trading. 

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Senate committee passes PELOSI Act to ban stock trading, but now how you’d think…

The Homeland Security and Governmental Affairs Committee has just passed the PELOSI Act to ban stock trading among those in Congress, as well as the President and Vice President. It passed 8-7, with all Republicans voting AGAINST the bill except Hawley, who was joined by all Democrats on the committee.

Yes, it’s complicated.

According to taxpayer funded Politico, the Democrats joined the bill when Hawley agreed to get rid of the PELOSI Act name and expand those prohibited from stock trading to the President and Vice President. Except it will only apply to future administrations, meaning it doesn’t apply to President Trump and VP Vance.

Some Republicans didn’t like the changes, like the original co-sponsor of the bill, Ohio Republican Senator Bernie Moreno, who voted against it on those grounds. Others simply feel that the bill is flawed.

Here’s more:

A Senate committee voted to advance a bill that would ban stock trading by lawmakers, presidents and vice presidents — over objections from most Republicans and with a carve-out for President Donald Trump.

Sen. Josh Hawley (R-Mo.) introduced the original bill barring members of Congress and their spouses from trading stocks. It was named, to Democrats’ dismay, for Rep. Nancy Pelosi (D-Calif.), who has come under scrutiny for her husband’s extensive trading without evidence that any of it was done using insider information from Capitol Hill.

In conjunction with Sen. Gary Peters of Michigan, the top Democrat on the Homeland Security and Governmental Affairs Committee, Hawley offered an alternative to the panel that would ditch the contentious name and expand the prohibitions to the president and vice president — but only for future administrations.

“We have an opportunity here today to do something that the public has wanted us to do for decades, and that is to ban members of Congress from profiting on information that, frankly, only members of Congress have,” Hawley said.

The committee voted 8-7 with all Republicans on the panel save Hawley voting against proceeding with the bill. The GOP detractors argued it would unfairly punish the wealthy and disincentivize some from serving in Congress. Oklahoma Sen. James Lankford, one of the Republican nays, is chair of the Senate Ethics Committee and noted he would be responsible for enforcing the bill should it become law.

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Pelosi raked in millions last year — and her portfolio out-performed every large hedge fund with stunning returns

She might be the She-Wolf of Wall Street.

Rep. Nancy Pelosi (D-California) raked in between $7.8 and $42.5 million in 2024 — meaning her estimated net worth with venture capitalist hubby Paul Pelosi could now top out at $413 million, new financial disclosures showed.

The staggering sum is an eye-popping jump from 2023, when financial disclosures showed the couple’s net worth topping out at a possible $370 million.

Pelosi’s exact net worth is not known because lawmakers are only required to disclose ranges.

Market research firm Quiver Quantitative, which estimates a single figure based on daily stock values it tracks, placed the pair’s 2024 worth at $257 million — up $26 million from a year earlier.

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Bill Proposes Ban on Stock Trading for Congress Members

U.S. Senator Mark Kelly from Arizona has put forward a bill that aims to put an end to congressional stock trading. This legislation, known as the Ban Congressional Stock Trading Act, would require all members of Congress, along with their spouses and children, to place their stocks into a blind trust or sell them off. Kelly’s office insists this move is necessary to prevent any use of insider information for personal gain.

Kelly emphasized that as Americans struggle with rising living costs, they should not have to worry about their elected officials making money through insider trading. He was clear in his statement, “The only way to stop insider trading in Congress is to stop members of Congress from trading stocks. Period.” Kelly seems confident that the American public is on his side with this issue.

Backing up his stance, Kelly referenced a survey conducted by the Program for Public Consultation at the University of Maryland. The survey found that a staggering 86% of Americans support such legislation. This includes a solid majority across political lines: 88% of Democrats, 87% of Republicans, and 81% of Independents.

Kelly is hopeful that this bill will help restore trust in the government and address some of the issues plaguing Washington. Senator Jon Ossoff from Georgia has also taken up the cause, introducing the bill alongside Kelly. Ossoff pointed out that members of Congress have unique access to confidential information, which they could potentially exploit for financial gain.

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Stock market watchdog claims Nancy Pelosi raked in $4.7M in single day of trading

Stock market watchdog Quiver Quantitative announced Monday that Rep. Nancy Pelosi, D-Calif., had made millions in the market since that day’s opening bell.

The representative allegedly raked in $4.7 million, according to Quiver’s estimates. It claimed that figure inflated her overall net worth to $261.9 million.

An X account dedicated to tracking Rep. Pelosi’s stock market activity added the sum amounted to 26 times her annual salary.

A representative of Rep. Pelosi’s office told The National News Desk Tuesday the former House speaker does not own any stocks, adding that the tracked account belongs to her husband Paul Pelosi.

“Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” they wrote via email.

The findings come as lawmakers are renewing a push to ban members of Congress from trading stocks. Sens. Josh Hawley, R-Mo., Bernie Sanders, I-Vt., and John Fetterman, D-Pa., in 2024 voiced support for legislation to require lawmakers release control of their money by placing it in a blind trust.

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Sen. Josh Hawley: The Pelosis Beat Every Hedge Fund with Their Stock Trading

Former House Speaker Nancy Pelosi (D-CA) and her husband, Paul, have made hundreds of millions of dollars off Nancy’s insider knowledge, but Sen. Josh Hawley (R-MO) has a plan to stop it, he told Breitbart Editor-in-Chief Alex Marlow on Thursday’s episode of The Alex Marlow Show.

Hawley reintroduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in April to ban members of Congress and their family members from being able to trade or hold stocks.

The bill’s namesake, former Speaker Nancy Pelosi (D-CA), has made “hundreds of millions” – despite a salary never higher than just over $200,000 – since her election to Congress. Hawley said that cannot be done following the law.

“You don’t do it legally,” Hawley said of Pelosi’s acquisition of wealth. “And here’s the thing, Nancy Pelosi and her husband last year, in 2024, beat every hedge fund in the nation, practically. So, either Nancy Pelosi is a mathematical and financial analyst genius… or maybe, maybe the information that she’s privy to turns out to be pretty darn valuable.”

“And everybody knows it’s the second thing. It’s just outrageous,” he added.

Hawley’s nonpartisan bill would be enforced for both Republicans and Democrats, but Pelosi is the most notorious offender.

Hawley said for her to have that success without breaking the law and using insider information, Nancy would have to be “a total financial genius, the likes of which comes along once every I don’t know, 1,000 years.”

Hawley believes elected officials staying in elected office longer than the founders intended is connected with the problem of members exploiting the office to enrich themselves. Its “no coincidence” that “the longer they’re here, the more ways they find to make money off of their jobs,” he told Marlow.

“Members of Congress are paid a salary. That’s fine, obviously, but we’re not talking about that,” he said. “We’re talking about millions and millions and millions of tens of millions of dollars – hundreds of millions, in the Pelosi case that they’ve made while she has been in office.”

Members of Congress “leveraging the office” to get rich is “the farthest thing from what the Founders intended,” Hawley said. “And really it’s a disaster for our system if it’s allowed to continue without any kind of check.”

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