U.S. Rep. Nancy Pelosi, D-California, has achieved significant financial gains from her recent investment in Nvidia Corp. (NASDAQ:NVDA), a prominent company in artificial intelligence (AI) and semiconductors. On Nov. 22, Pelosi acquired 50 call options for Nvidia with a strike price of $120, expiring on Dec. 20, 2024. The transaction value ranged between $1 million and $5 million. As of early 2024, Pelosi has reportedly made nearly $500,000 from this investment, surpassing her annual governmen
Lawmakers should not be allowed to trade stocks
Say it louder for the people in the back
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Sounds perfectly reasonable to me.
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Carter sold his family’s peanut farm.
Legislators, members of governments and their households should either be forbidden from doing insider trading, with regular detailed audits to ensure it, or should be forced to use blind trusts for investments.
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Her husband’s not a lawmaker. Once again: lawmakers should be banned from trading stocks.
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Insider trading is theoretically illegal in all other contexts, why are congress creeps special?
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Only T-bonds.
It’d be better just to require blind trusts. The trust has a fiduciary duty to invest their money well, and the politician can write a letter requesting a certain high-level investment strategy prior to the start of their term (ie, primarily large cap, primarily bonds, high/low risk tolerance). If they want they can add or remove money as USD during their term and they’ll get back whatever’s left at the end.
That’s not really what people consider “stocks” but yes of a lot of economists and political theorists were able to debate the details of the policy people could decide and urge their reps to do the right thing. Worth a shot I guess.