Tag: insider trading

See every stock trade House Speaker Nancy Pelosi’s husband has made since 2021

As members of Congress debate whether lawmakers and their spouses should play the stock market, House Speaker Nancy Pelosi’s husband, Paul Pelosi, a venture capitalist, continues to regularly buy and sell stocks and stock options.

Pelosi has access to confidential intelligence and the power to affect — with words or actions — the fortunes of companies in which her husband invests and trades.

When asked in December 2021 whether members of Congress should even be allowed to trade stocks, Pelosi answered in the affirmative.

“We are a free-market economy. They should be able to participate in that,” she said.

This led some of her colleagues, on both the left and the right, to sharply criticize her — and draft legislation to restrict members of Congress and their spouses from trading stocks.

“Year after year, politicians somehow manage to outperform the market, buying and selling millions in stocks of companies they’re supposed to be regulating,” Republican Sen. Josh Hawley said. “Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other at the expense of the country. Here’s something we can do: ban all members of Congress from trading stocks and force those who do to pay their proceeds back to the American people. It’s time to stop turning a blind eye to Washington profiteering.”

Sen. Jon Ossoff, a Democrat, introduced a similar bill alongside Sen. Mark Kelly with the intent to ban members of Congress and their families from trading stocks.

“Members of Congress should not be playing the stock market while we make federal policy and have extraordinary access to confidential information,” Ossoff said.

Pelosi has since softened her stance, but the fate of a congressional stock-trade ban remains unclear.

A previous analysis from Insider estimated that the Pelosis are worth at least $46,123,051, making Nancy Pelosi one of the 25 richest members of Congress. The vast majority of the couple’s wealth is derived from stocks, options, and investments made by Paul Pelosi.

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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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