President Donald Trump called for an investigation into former house speaker, rep. Nancy Pelosi‘S (D-Calif.) Stockhandel activities during a briefing from the White House on Wednesday, claiming that she used insider information to generate exceptional market trends.
Trump supports the ban on conference trade
When asked for Sen. Josh Hawley‘s (R-MO.) Legislation to prohibit conference share trade, Trump expressed conceptual support and focused specifically on Pelosi.
“Nancy Pelosi became rich by having internal information. She earned a fortune with her husband, and I think that is shameful,” Trump said during the briefing.
The proposed honest law, formerly known as the Pelosi Act, would prohibit congress members, presidents and vice presidents to act individual shares.
Pelosi’s Portfolio performance under control
Trump emphasized the market performance of Pelosi and claimed that “she achieved the highest return of someone in the history of Wall Street, saving a few.”
According to reports, the combined assets of the Pelosi family reached around $ 413 million in 2024, an increase of $ 370 million the previous year. Their portfolio won 65% in 2023 and 54% in 2024, which performed better than many hedge funds.
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Previous trade contamination
The criticism stems from well -timed transactions Paul PelosiNancy’s daring capitalist husband. Remarkable transactions include selling 5,000 Microsoft Corp. MSFT shares before a federal trade committee antitrust investigation and the throwing away of 2,000 Visa Inc. V Shares worth $ 500,000 $ 1 million in July, months before a lawsuit of a Ministry of Justice against the payment processor.
Pelosi supports trade restrictions
Despite the attacks, Pelosi publicly supported the ban on congress trade, which stated that she would go back the legislation “regardless of what they decide to call it.”
“If the legislation is advanced to help restore trust in the government and to ensure that those who are in power are kept to the highest ethical standards, then I am proud to support it,” Pelosi said.
The two -part effort examines the growing concern about the benefits of conference trade, whereby various legislators achieve returns, ranging from 70% to 149% in recent years.
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Indemnification: This content was partially produced with the help of AI tools and was assessed and published by Benzinga Editors.
Photo with thanks to: Joey Sussman from Shutterstock
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