The bill, scheduled for a House vote on Thursday, aims to prevent lawmakers from using inside knowledge gained through their positions to profit in the stock market by subjecting them to naancy trading disclosure requirements. Pelosi spokesman Drew Hammill declined comment until the House changes to the pelsoi trading bill are released. The Senate passed its version last week by a vote of Like the Senate bill, nancy pelosi insider trading makes money House jakes are expected to extend requirements that stock trades be disclosed electronically within 30 days to officials in the Executive Branch agencies and independent regulatory bodies. But rather than forcing more thanlower-level employees as called for under one Senate amendment, the House version would limit this to about 30, higher-level officials. Discover Thomson Reuters. Directory of sites. United States.
House Minority Leader Nancy Pelosi (D-CA)
This copy is for your personal, non-commercial use only. House Speaker Nancy Pelosi recently disclosed financial transactions made by her husband, businessman and investor Paul Pelosi. Paul Pelosi sold Visa stock ticker: V and invested in office buildings in August, according to a form Speaker Pelosi filed with the Clerk of the House of Representatives. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups. Write to Ed Lin at edward. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at or visit www. We’ve detected you are on Internet Explorer. For the best Barrons. Google Firefox. Text size. Editor’s Choice. Thank you This article has been sent to. The end. Privacy Policy. Cookie Policy. Copyright Policy. Data Policy. Your Ad Choices. All Rights Reserved. All Rights Reserved This copy is for your personal, non-commercial use only.
Congress isn’t «immune» to the law
In the ensuing public outrage, Congress passed a law called the STOCK Act, and took a loud victory lap for supposedly putting an end to their own unscrupulous behavior. Congress had been forewarned about the impending economic bombshell in secret meetings with the Treasury Department and the Fed, and they used that information to move their personal funds out of the market at lightning speed. The day after the meeting with the Treasury, at least 10 senators made trades to protect their financial interests, while Americans remained in the dark. Congressman Jim Moran jumped ship too, frantically trading stock in 90 different companies — his biggest trading day of the year. Representative Spencer Bachus publicly tried to prevent the American economy from crashing — while privately betting it would. He cleverly arranged his portfolio so that if the American people lost, he would make a profit. Just ask Nancy Pelosi. Pelosi, who was Speaker of the House at the time, never allowed it to the floor for a vote. In theory, the STOCK Act made it clear that members of Congress and their staff have to play by the same insider trading rules as everyone else. There was no debate. Now, Congress is taking things a step further by actively stonewalling the first ever investigation into Congressional insider trading under the STOCK Act. That lobbyist then shared the information with other firms who were able to use it to trade on health insurance stocks that would be impacted. Yet, Kerry W. Share Tweet Email. Using the buttons below the share this story with family and friends: Share Tweet Email. Spread The Word.
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Democrat Nancy Pelosi was put in the spotlight by a ’60 Minutes’ report on insider trading by Congress. What do Nancy Pelosi’s purchases of Visa stock show?
November 15, After picking through her disclosure forms, it looks a lot less likely that Pelosi was looking for a quick payday.
Pelosi is implicitly charged with getting improper treatment from Visa during their IPO, then the largest of all time. The speaker is Peter Schweizer, whose investigation into stock trading on Capitol Hill is featured in the «60 Minutes» report:. When you get into the facts of how these IPOs work and how Pelosi actually acted, however, that charge of impropriety looks less likely. In fact, Pelosi bought. Much.
Pelosi bought in two more tranches, her financial disclosure records. Initial public offerings, moreover, are complicated business. Underwriters believe that institutional and wealthy investors are better able to buy large blocks of IPO shares, assume the financial risk, and hold the investment for the long term.
In other words, bankers have discretion in who they allocate shares to. What this comes down to is a point of emphasis. If you think the appearance of impropriety is enough, then Pelosi has already blown herself up in the court of public opinion. If the specifics of how IPOs function and the actual way Pelosi has treated her investment is more important, that would make her guilty of being part of a piecemeal and highly subjective process, at worst, and not wielding undue influence.
You can find the case against Pelosi on this score here and her rebuttal. Dig deeper: Watch the original 60 Minutes episode and tell Decoder what you think. Like your politics unscrambled? Check out DCDecoder. Already a subscriber? This website uses cookies to improve functionality and performance. By continuing to browse the site you are agreeing to our use of cookies.
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Senate Majority Leader Harry Reid (D-NV)
Share Tweet Share Pin The new Nazi Party, the party of treason, is also the party of deep and unrestrained corruption. While the Democrats spin endless fantasies about supposed collusion between Trump and Russia, the corruption is pandemic on their side of the aisle. So where has it come from? When these questions are asked, it draws attention to lavish property Nancy and Paul Pelosi call home, yet questions as to how the couple has amounted the vast wealth required to live such a lifestyle are never adequately answered. She has refused to talk about it. What we do know comes from her financial disclosure reports. She also has stock in Apple, Facebook, and Disney. Courtesy of The Monet Report. Monday, January 20, DC Dirty Laundry. This field is for validation purposes and should be left unchanged. Completing this poll grants you access to DC Dirty Inssider updates free of charge. You may opt out at anytime. You also agree to this site’s Privacy Policy and Tradihg of Use. January 20th, Right Ttrading Tribune. January 20th, Flag And Cross. January 20th, Big League Politics.
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