Tag: insider trading

Pelosi’s Husband Buys $2 Million In Tesla Shares As Democrats Push Green Energy Handouts

House Speaker Nancy Pelosi’s husband purchased 2,500 shares of Tesla stock amid Democrats’ push for increased green energy spending.

Paul Pelosi, the Democratic House leader’s millionaire husband, purchased the tranche of Tesla stock on Thursday, when the company’s share price reached about $872 per share by the end of day, according to congressional filings published Monday. Pelosi bought the shares, worth roughly $2.18 million at the time, at a strike price of $500 per share.

Since Paul Pelosi’s purchase, Tesla’s share price increased nearly 19% to over $1,036 a share, making his tranche worth nearly $2.6 million.

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Complaints on STOCK Act violations stack up against members of Congress

A government watchdog group asked the Office of Congressional Ethics last week to investigate Assistant Speaker of the House Katherine Clark, D-Mass., for apparently failing to timely disclose up to $285,000 in financial transactions — making the potential successor to House Speaker Nancy Pelosi, D-Calif., the latest among numerous House and Senate members to face ethics complaints about allegedly violating the STOCK Act. 

The Stop Trading on Congressional Knowledge Act, better known as the STOCK Act, has gained renewed attention during the COVID-19 pandemic when some lawmakers were suspected of using information from government roles to profit. 

Broadly, the law prohibits members of Congress, congressional staffers and certain members of the executive branch and federal judiciary from engaging in insider trading based on information they learn through their government jobs. One provision of the law requires members of Congress to make a “full and complete” statement of their assets and their spouse’s assets, debts and income, as well as periodic reports of financial transactions that exceed $1,000 within 30 to 45 days of the transaction.

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Nancy Pelosi’s Husband Uses Call Options To Buy Microsoft Ahead Of Big Govt Contract

Legalized Insider Trading 

It is OK for members of Congress to trade on inside information including government contracts before deals are announced. 

House Speaker Nancy Pelosi did just that, rather, her husband did.

Purchase of Stock Via Call Options

Barron’s reports Nancy Pelosi’s Husband Bought Roblox, Microsoft Stock

The Barron’s article is behind a paywall. Fox News also reports the same thing: Pelosi’s Husband Bought $10M in Microsoft Shares Through Options. 

House Speaker Nancy Pelosi’s husband purchased millions of dollars worth of Microsoft (MSFT) and Roblox (RBLX) shares last month, new financial disclosures form reveal.

Paul Pelosi exercised call options and paid $1.95 million to buy 15,000 shares of Microsoft at a strike price of $130 on March 19, according to an April 9th filing with the House clerk. That same day, Pelosi, who owns and operates a California venture capital investment and consulting firm, paid $1.4 million for 10,000 shares valued at $140 apiece.

Since Pelosi made the purchase, Microsoft share prices have climbed from about $230 to roughly $255 – an increase of close to 11% – after the company secured a lucrative government contract worth nearly $22 billion to supply U.S. Army combat troops with augmented reality headsets. The deal was announced on March 31.

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