Allowing lawmakers to continue to own index funds, which track sectors of financial markets, is seen as one way to allow them to get investment returns while limiting the potential for benefiting from information they obtain about individual companies or being perceived as doing so.
In 2019, then-Rep. Chris Collins, R-N.Y., pleaded guilty to federal charges related to tipping off his son about non-public information he had obtained about a pharmaceutical company's failed drug trial, shortly before public disclosure of that information sent the company's stock into a tailspin. Collins had for years beforehand touted the prospects of the company, Innate Therapeutics, and served on its board of directors even as he served in Congress.owning more than 17 percent of the firm, or almost 34 million shares. His children Cameron and Caitlin were at one point the third- and fourth-largest shareholders, with each owning 2.65 percent of the company at that time, or 5.2 million shares apiece.by President Donald Trump in December 2020, shortly before Trump left office.
of whether Burr and his brother-in-law Gerald Fauth and Fauth's wife engaged in insider trading off of non-public information Burr obtained about Covid as part of his job. Fauth is chairman of the National Mediation Board, an agency that facilitates labor-management relations in the U.S. railroad and airline industries.
Source: News Formal (newsformal.com)
Of course she does. She made a fortune front running stocks.
Shame!
People who sit in closed door meeting with company execs, and financial experts should not be able to get on their phones and trade stocks with that kind of insider information. Has .SpeakerPelosi no ethics?
Let athletes bet on sports games then.
Capitalism for me but not for thee
Bad Nancy, Bad Nancy
...and you have access to insider information! Illegal for anybody else!
what a joke
😂😂😂 everyone realize they make the rules. They don’t follow them. And they worried about everyone else besides themselves. 🤦🏼♂️
Why would she ban herself? She’s not going to hold her cronies Accountable
Reparations for Descendants of Chattel Slaves in the US
Crooked
Own the stocks after your terms…. And not during… too much corrupt interest in the political agenda that has lined many a congress man’s pocketbooks
Free market economy does not mean free inside information to trade stocks. There has to be an independent body looking into this matter.
All politicians are criminals.
I bet she does..It's easy with insider trading.. Oh we're suppose to trust her, but she hasn't trusted Trump in the last 6 years.
I got a business proposal for you, HMU and see if you’d like to give it a shot💸🇺🇸🇨🇦🇬🇧
We can help you get a piece of that sweet sweet free market economy. Link in our bio
With their ethics committee and subpoenas hardly being a deterrent. A ban would be symbolic at best anyway.
👆”Train Station”
She is completely useless.
it would deny her hubs ability to scam those who sell call options of course she's opposed
makes 200k for year but has 125mil .... someone please do the math...lol she should be in jail, but the great American people let her run free
Capitalism for me! But not for thee!
And somehow that “free market” helped her to get a net worth of $200 million with a $200,000 per year salary. 🤔
Then I as a finance professional should be able to insider trade 👍🏼 free market 👍🏼
Im heading to metaverse rn
Obviously. How else will the balance of their accounts increase? How will they favor contracts in BuildBackBetter ? POTUS and SpeakerPelosi must be allowed to enjoy stock options. FoxNews
Insider trading is a crime Except for Congress people Corp Dems and the GOP love this
Shame on you. It’s time to change legislation on Stock Trading. Then Americans will never have to request Term Limits because the Congressional Crooks will lose ability to trade on inside info. How else can you become a millionaire on $176,000 a year. Let’s get laws changed.
I love Nancy Pelosi, but I disagree with her on this. You folks have way too much access to way too much information. So, no!
It's appalling. Insider trading is a criminal offense for most Americans, but these trades were 100% legal for the members of Congress who used their positions to grow their profit. Capitalism hooyah. 👍🏻👏🏻 You can keep it. It’s archaic. Poster child. 😉
You’ll peddle inferior products so long as it helps your bottom line. But you’ll take the superior products. Capitalism hooyah. You can keep it. Self serving, selfish and meant for egotistical mindset. Me me me me
$120 billion a month of asset purchases from the FED is not a free market. It's a propped up market. Savers are being punished.
Why you shouldn’t own stocks in government because it’s called CONFLICT OF INTEREST. Need we spell it out to you? Why no investment in renewables? Joe Manchin is heavily invested in the energy industry. This IS unadulterated CONFLICT OF INTEREST imbecile😉
This is like a referee saying they want to play the game too. US president has to give up driving and other luxuries, memebers of Congress can’t have financial incentives while in office. They’re already too easy to bribe. Just set term-limits, then they can invest after.
It almost seems like you own stocks of Pfizer when you tout it over other proven & better vaccines. We will stick with MODERNA thank you very much. MODERNA is the proven & undisputed king of vaccines. And that’s why you shouldn’t own stock while in govt😉
SO WRONG! This is one major reason we don’t trust Congress!
They should be under the same scrutiny as Wall St...same restrictions and investigated for insider trading if warranted
She is no better than Republicans
You get insider trading tips
See you next Tuesday
Can’t wait for her funeral
It's called legal Insider trading. Follow NancyTracker to see how she's outperforming others on her investments.
Do they always comply and enforce the STOCK Act? If so, then I don't have an issue.
Insider knowledge, insider trading on non-public information. It's not a free market.
CNBC One thing Dems and Republicans can agree on... they are all sitting together counting their millions laughing at everyone fighting for a side...wake up fools
CNBC I mean how else would a public servant that makes ~$200,000 a year be worth upwards of $200,000,000. Definitely no insider information being used there. 🙄
CNBC Except for when there's, a blatant conflict of interest. A major fault of being a corpiratust neo liberal.
CNBC We don't live in a free economy: we live in a crony economy.
CNBC She is absolutely horrendous
CNBC SpeakerPelosi - no to letting Congress members from using inside info to make bug gains trading stocks. They want to trade, they can resign and trade as private citizens.
CNBC Primary her.
CNBC Martha Stewart is gonna be pissed when she hears this.
CNBC I think they should be publicly registered with all assets publicly available and all changes in assets reported quarterly. Do what you want but if you're going to then we'll all know it.
CNBC
CNBC what? no, if you serve in government you should forfeit that. if you want to own stock then don’t get into government. it’s a conflict of interest and should be treated that way.
CNBC Ugh
CNBC We disagree.
CNBC Nope. If you choose to be a politician then you should have to choose to not participate in the stock market.
CNBC
CNBC Of course she would say that. She & her husband have made millions from stock!
CNBC She is the biggest scam artist in DC. You people are so easily conned. A few Days before Tesla got Biden contract for Fed vehicles, Pelosi husband bought a million in Tesla stock. The stock jumped over $200 soon after. The Pelosi's made bank. Sadly you voters are to easily had.
CNBC she should be in prison SpeakerPelosi
CNBC There was an effing attempted coup and you’re gonna come for Nancy when she’s never been accused of insider trading. Come TF on. There are laws and the GOP are the ones accused of the wrong doing.
CNBC ¯\\_(ツ)_/¯
CNBC 80 year old political lifer thinks congressional insider trading is ok… Shocker.
CNBC She is wrong on this one.
CNBC SpeakerPelosi is fucking up.
CNBC We have a corruption problem in government & much of it comes from lobbying, dark money, kick backs & even insider trading. You really want to limit these temptations. She must know that deep down and has likely benefitted financially from shady practices. SMH
CNBC Not while they serve in congress, participate in committees, have access to information the average person doesn’t, and make laws that can impact the value of their investments. SpeakerPelosi … you are wrong on this issue.
CNBC So very out of touch.
CNBC Bull 💩
CNBC Why can’t she just lie if she doesn’t agree with this very sensible and necessary proposition? We are quickly losing our democracy and Democrats seem hellbent on speeding things up… like how can someone be so bad at politics, FFS?
CNBC by “they”, she means “me”…
CNBC You can participate, but not while holding public office.
CNBC How else do you think her and her colleagues that been in Congress became millionaires? You think she's going to give that up.
CNBC Terrible response. SpeakerPelosi has had a good career, but gets more embarrassing for Democrats by the week.
CNBC while we’re at it, why hasn’t SpeakerPelosi urged the House to pass a rule to enable the use of inherent contempt to compel testimony? It’s been 3 years!!!
CNBC Need to have stock restrictions, term limits, and age limits.
CNBC 48 congressmen/women have Pfizer stock. Doesn't this muddy up the 'science'?
CNBC No, wrong!!!!!
CNBC
CNBC America, try and grasp that the Democratic party is a right wing party, that's why they say things like this. We laugh at you and your bizarre terror of the 'far left' and then you point at AOC like she's a radical for saying what has been standard policy for many right wing govs
CNBC That did it for me, SpeakerPelosi has got to go. If the corruption is OK at the top, things will never change.
CNBC Fear will only make you keep on watching while your opportunities pass you bye. Invest on crypto/forex trade and make money in minutes, if you don't know how to go about it worry not Mr abrantesrene can guide you just contact him
CNBC Nope. Let them play the market when they retire.
CNBC How much stock does she own?
CNBC Democrats need to stop voting for these kinds of politicians.
CNBC sounds really dirty I'd hate to be her, being so rich, making such deals with herself, has to suck
CNBC They ha be inside info.
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