Posted 1/11/2024, 6:15:00 PM
Pelosi's Timely Nvidia Trade Draws Ethics Questions Amid Calls to Limit Congress Stock Trading
- Nancy Pelosi bought $2 million in Nvidia call options, which have already netted $250K in 10 days, more than her $223,500 salary
- Critics accuse Pelosi of insider trading, but some commend her "buying strength" with the well-timed trade
- Together with her husband, Pelosi has made millions trading stocks like Salesforce, Google, Roblox, and Disney
- 33% of trading members of Congress beat the S&P 500 in 2022, with some achieving over 100% returns
- There is a growing movement to ban members of Congress from trading individual stocks to prevent conflicts of interest