U.S. politician stock trading: Nancy Pelosi's husband bought $2.2m in Tesla before the stock splits announced
U.S. Democratic House Speaker Nancy Pelosi's husband Paul Pelosi purchased $2.2 million worth of $Tesla(TSLA.US$ stock on March 17, by exercising 25 call options at a strike price of $500, according to the financial disclosure by Congress.
Under the current STOCK Act, members of Congress are required to disclose their and direct relative's trades within 30-45 days after the transaction, based on the trade type. The act was passed a decade ago and designed to combat insider trading by members of Congress and other government employees to use non-public information to make private profits. Pelosi signed the disclosure on March 21, a few days after the transaction.
While this transaction was a week ahead Tesla announced it will seek shareholder approval to split the stocks.
As of March 30, Tesla is up 30% since Pelosi exercised the options.
So, what other stocks did Pelosi's family buy? According to Capitoltrades, Pelosi invested in $Disney(DIS.US$, $Apple(AAPL.US$, $American Express(AXP.US$, $PayPal(PYPL.US$, and $AllianceBernstein Holding(AB.US$ in January. The trade of Tesla was one of Pelosi's biggest deals so far this year.
*Notice all the trade disclosure are published days after the transactions have taken, investors should be aware of the risk involved if follow the trade.
Disclaimer: Past performance can't guarantee future results. Investing involves risk and the potential to lose principal. This article is for information and illustrative purposes only.
Source: Business Insider, Capitoltrades
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Revelation 6 : They and their immediate families should be banned from trading. It’s obvious looking at her trades that she is benefiting from inside knowledge. Straight up criminal act.
TeslaSmurf Revelation 6: The split has nothing to do with the government: it is decided by the board and approved (eventually) by the shareholders, not by an assembly of politicians: it’s not China. I’m happy for them making money, as long as I can do the same, of course.
搞经济 抄底 加仓 : Insider
I wish I had a wife like her too~~
Mjnaw : Hi
David W Clark : I believe that they should be able to trade stocks like anyone who is a business owner, CEO, CFO OR ANY OTHER HIGH ranking person in any business that have stock on any market. They have to comply to the toughest standards of oversight by regulators. And they MUST NOT BE ABOVE THE LAWS AS THEY ARE NOW!!!! They may not be above the LAWS AS WRITTEN, but they are by application of them.
102175775 : tell me which shareholder is against stock split? it is so obvious Pelosi, family n cronies r using privilege info n position to do 'insider trading'.
单纯的贾斯丁_18398 搞经济 抄底 加仓: Such a wife is too old.
Take it time : This is the garbage woman of the Democratic Party of the United States!
Axemurdermalone : criminal and hope she burns in hell
72788794 : of course he did. Pelosi is one of the most corrupt families in this country
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