Nancy Pelosi’s husband buys millions worth of Nvidia stock ahead of chip-manufacturing bill vote
The husband of House Speaker Nancy Pelosi just bought as much $5 million worth of stock in software and computer-chip company Nvidia, publicly available financial disclosures show.
According to the disclosures, Paul Pelosi purchased between $1 million and $5 million worth of Nvidia stock on June 17.
The stock purchase comes as the Senate is expected to meet this week to discuss a bipartisan bill to boost semiconductor manufacturing in the country. The bill aims to provide grants, tax credits and other incentives for companies to manufacture semiconductors in the United States.
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So there ya go, Dems. Now you know how Nancy can have a net worth of $120 million.
https://www.msn.com/en-us/money/markets/nancy-pelosi-e2-80-99s-husband-buys-millions-worth-of-nvidia-stock-ahead-of-chip-manufacturing-bill-vote/ar-AAZItv6?fromMaestro=true
@beowulf saidBoth the House and Senate had passed semiconductor bills by April. https://fortune.com/2022/04/18/congress-legislation-semiconductor-manufacturing-chip-shortage/
Insider trading? sort of.
He knew what was coming so he invested.
Definitely wrong.
That was public knowledge, so how is this "insider trading"?
"Insider trading involves trading in a public company's stock by someone who has non-public, material information about that stock for any reason. Insider trading can be either illegal or legal depending on when the insider makes the trade.
Insider trading is illegal when the material information is still non-public, and this sort of insider trading comes with harsh consequences."
https://www.investopedia.com/terms/i/insidertrading.asp
@earl-of-trumps saidI just posted a thread about why politicians get so rich, involving this video that calls out Pelosi:
Nancy Pelosi’s husband buys millions worth of Nvidia stock ahead of chip-manufacturing bill vote
[i]The husband of House Speaker Nancy Pelosi just bought as much $5 million worth of stock in software and computer-chip company Nvidia, publicly available financial disclosures show.
According to the disclosures, Paul Pelosi purchased between $1 million and $5 m ...[text shortened]... uys-millions-worth-of-nvidia-stock-ahead-of-chip-manufacturing-bill-vote/ar-AAZItv6?fromMaestro=true