Pelosi Comments on Husband’s Insider Trading Ahead of Vote
In a statement to FOX Business, corrupt, wealthy House Speaker Nancy Pelosi‘s office responded to her husband’s eyebrow-raising multi-million-dollar purchase of stock in the semiconductor company Nvidia as Congress is slated to vote on a $52 billion subsidy to the industry.
“The Speaker does not own any stocks. As you can see from the required disclosures, with which the Speaker fully cooperates, these transactions are marked ‘SP’ for Spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions,” Nancy’s spokesman Drew Hammill said.
“To be clear, insider trading is already a serious federal criminal and civil violation and the Speaker strongly supports robust enforcement of the relevant statutes by the Department of Justice and the Securities and Exchange Commission,” he added. “The Speaker led the House in passing the bipartisan Courthouse Ethics and Transparency Act, which would subject federal judges to similar disclosure requirements as those in the STOCK Act. ”
Paul Pelosi made a purchase of between $1 million and $5 million shares of the semiconductor company , according to a disclosure filing. He exercised 200 call options, or 20,000 shares.
Speaking to Fox & Friends First on Monday, Rep. James Comer (R-KY) slammed the Pelosis, calling Nancy “the ultimate insider,” noting how her husband has made other controversial stock purchases before, namely ahead of the Big Tech hearings on Capitol Hill.
“Not only is her husband buying stock options on a much higher level than the average member of Congress,” Comer said. “The average member of Congress may buys $5,000 or $6,000 of stock. He’s buying $500,000 worth of stock. He’s buying stock options which expire. To be able to trade stock options profitably, you have to know exactly which direction that stock’s going to move, and you can make a huge profit. This is wrong. This is another example of the media turning a blind eye to Nancy Pelosi’s bad behavior and unethical behavior.”