Former House Speaker Nancy Pelosi and her husband’s stock portfolio has seen significant growth in 2023, showing a reported 50% return.
Tools tracking congressional trading activity have shown impressive gains, raising suspicions of potential insider trading.
Pelosi’s investments in companies such as Nvidia, Microsoft, and Apple have yielded substantial profits. (Trending: LeBron James Shares Gun Advice For Americans)
BREAKING🚨:
The DOJ has officially opened up a lawsuit against Google to break up its Ad Technology Monopoly
Pelosi sold $3 Million dollars worth of Google just four weeks ago
Wild.
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) January 25, 2023
The timing of some of her stock sales has sparked allegations of insider trading, particularly a sale of Google stock preceding an antitrust lawsuit announcement.
“And a separate tool which is dedicated to tracking Nancy Pelosi‘s investments reveals her portfolio has returned a remarkable 50 percent in the last 12 months, vastly outperforming the 17 percent gains of the benchmark S&P500 index of America’s top companies,” Daily Mail noted.
“The tools were created by Quiver Quantitative, which uses public disclosures from members of Congress to mirror their trading activity and track the results.”
“You can almost certainly see instances where there seems to be people acting on information that they may have been receiving in committee meetings, or may have been receiving just based on the nature of their job,” James Kardatzke, CEO of Quiver Quantitative said.
These actions have led to calls for legislation prohibiting members of Congress from extensive trading while in office.
“This latest action comes more than two years after the agency and a group of state attorneys general joined in another suit alleging Google’s search and search advertising businesses violate U.S. antitrust laws,” Yahoo! Finance reported.
“Google’s anticompetitive behavior has raised barriers to entry to artificially high levels, forced key competitors to abandon the market for ad tech tools, dissuaded potential competitors from joining the market, and left Google’s few remaining competitors marginalized and unfairly disadvantaged,” the complaint reads.
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