This family is at it again. Paul Pelosi, the husband of House Speaker Nancy Pelosi, came under fire for investing $5 million in chipmaker stocks just days before a vote that could have netted the industry $52 billion. Paul traded NVIDIA (NVDA), a stock of the Santa Clara, California-based multinational technology company, which Zacks Equity Research has named as one of its top-followed stocks, according to Yahoo Finance.
The disclosure, which Nancy filed with the House of Representatives on Thursday, shows the stock is valued at between $1 million and $5 million, according to insiders.
Nancy Pelosi’s husband Paul pelosi Accused of insider trading after $5 million purchase of chipmaker days before a vote that could net semiconductor makers $52 billion
Although there is no evidence that Paul broke the law, some have questioned whether he might know more about the outcome of the upcoming Senate vote. According to Craig Holman, a government affairs lobbyist for left-leaning think tank Public Citizen, who spoke to the Daily Caller News Foundation, there’s certainly a possibility that Paul Pelosi has access to some inside information on the legislation.
“That’s why there is a stock trading app that solely monitors Paul’s trading activities and his followers do the same.” he said.
Paul is the same man who made headlines a few months ago after being arrested for drunk driving. His mug shot went viral, calling into question the moral stability of the Pelosi family. Nancy was often caught in the crosshairs by doing things that were unfair and then blaming everyone but herself. The hair salon was just one example that was highlighted.
The husband of the Speaker of the House has recently been in the trade while Congress debates whether congressmen and their spouses should even be allowed to buy, sell or hold individual shares. The Pelosi family is reportedly one of the wealthiest couples in Congress.
What do you think? Should government employees and their families be able to trade stocks with the kind of information brought to their attention? Let us know in the comments below.
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https://dailysoapdish.com/2022/07/nancy-pelosis-husband-paul-accused-of-insider-trading-after-buying-5-million-in-a-chip-manufacturer-days-before-a-vote-that-could-hand-52-billion-to-semiconductor-producers/ Nancy Pelosi’s Husband Paul Accused Of Insider Trading After Buying $5 Million In A Chip Manufacturer Days Before A Vote That Could Hand $52 Billion To Semiconductor Producers