Trump has called for former House Speaker Nancy Pelosi to be investigated for insider trading

Source Cryptopolitan

President Donald Trump has called for former House Speaker Nancy Pelosi to be investigated for insider trading. POTUS accused her of profiting from non-public information gained through her position in Congress.

“Nancy Pelosi became rich by having insider information…I think that’s disgraceful [..] I think Nancy Pelosi should be investigated!” Trump said.

There might not be a more controversial political hack than members of Congress being legally allowed to trade stocks. Infamously, House Speaker Nancy Pelosi, one of the wealthiest members of Congress, has been regularly accused of insider trading.

Pelosi and her husband, Paul, are known for their stock market activities, with some services tracking their trading patterns, particularly in tech stocks such as NVIDIA. This has earned the family millions using the deceptive tactic.

Pelosi supports stock trading ban legislation

Sen. Josh Hawley introduced the bill that bars members of Congress and their spouses from trading stocks.

Nancy Pelosi has spoken out in favor of the HONEST Act, which would make it illegal for members of Congress to trade stocks. The Senate Homeland Security and Governmental Affairs Committee recently moved the bill forward.

Pelosi said in a statement that it is important for public representatives to be open and honest about their business dealings. She remarked, “The American people deserve confidence that their elected leaders are serving the public interest — not their personal portfolios.” 

However, the law has changed. It now includes the President and Vice President under the stock trading restriction, not just members of Congress. Pelosi said she strongly supports the plan and is looking forward to voting for it when it comes to the House floor.

Pelosi said, “I am proud to support it, no matter what they decide to call it,” referring to the acronym that her Republican colleagues chose for the bill.

Insider information in play

Last year, Paul,  Pelosi’s husband portfolio that did better than any major hedge fund. Their investments had a huge 54% return, which is more than twice as much as the S&P 500’s 25% increase. 

The couple made several suspicious deals that raised questions. One. Paul sold 5,000 Microsoft shares in July, months before the Federal Trade Commission said it was looking into the corporation for antitrust issues.

In addition, he sold 2,000 Visa shares months before the Justice Department sued the corporation for allegedly having a monopoly on the debit card market. 

In February, the couple spent between $600,000 $1.25 million for a call option on Palo Alto Networks, a cybersecurity startup. That same week, the White House told Congress about a major national security concern that had to do with Russia. In the days that followed, the shares went up by almost 20%.

They also bought call options on Nvidia for $12 a share when the stock price was over $120. As a result, they earned a casual $7.2 million win on a $2.4 million bet. 

In January, the couple bought call options on Tempus AI. The little-known AI health company just so happened to sign a $200 million deal with AstraZeneca. The price of the shares went up by two times.

The couple also bought call options on Vistra, an energy firm. Last month, the stock price shot up after the company announced that it had struck a deal for around $2 billion to buy natural gas facilities all across the US.

At this point, the Hedge fund managers might want to stop reading strategy books and start following PelosiTracker on social media. However, Trump poses a question, “She has the highest return of practically anybody in the history of Wall Street… How did that happen?”

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