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House Speaker Nancy Pelosi (D-Calif.) revealed in regulatory filings Tuesday her husband Paul Pelosi sold millions worth of stock in chipmaker Nvidia at a loss
by BMc2020 4y ago
House Speaker Nancy Pelosi (D-Calif.) revealed in regulatory filings Tuesday her husband Paul Pelosi sold millions worth of stock in chipmaker Nvidia at a loss a day before the Senate passed a multibillion-dollar bill aimed in part at boosting U.S. chip manufacturing that sent Nvidia shares surging, a decision Pelosi’s office says was to avoid further “misinformation” about the couple’s investments.
Drew Hammill, Nancy Pelosi’s deputy chief of staff, wrote in a statement to Forbes: “Mr. Pelosi decided to sell the shares at a loss rather than allow the misinformation in the press regarding this trade to continue.”
- 10g1k 4y agohttps://www.bbc.com/news/business-62482141 https://www.bbc.com/news/business-62482141 https://www.capitoltrades.com/politicians/P000197 https://www.capitoltrades.com/politicians/P000197 Or you could trust the person profiting from the act.
- DiogenesKynikos 4y agoWhy are Congresspeople even allowed to own individual shares, or manage their own investments? If they're allowed to manage their own investments at all, they should be limited to investing in broad index funds.