• About
  • Team
  • Contact
  • Editorial Standards
  • Core Values
  • Terms of Service
  • Privacy Policy
  • Affiliate Disclosure
Resist the Mainstream
No Result
View All Result
STORE
  • Politics
  • US
  • Media Watch
  • World
  • COVID
  • Story of Hope
  • Opinion
    • Cartoons
NEWSLETTER
Get Ad-Free Login Manage Account
  • Politics
  • US
  • Media Watch
  • World
  • COVID
  • Story of Hope
  • Opinion
    • Cartoons
No Result
View All Result
Resist the Mainstream
No Result
View All Result

Paul Pelosi Scrutinized for Stock Purchase Days Before Legislative Vote

RTM Staff by RTM Staff
July 17, 2022
5

RELATED

Democrat Mondaire Jones Slammed Over Tweet About Death of Tyre Nichols

Trump Slams DeSantis As He Opens 2024 Run

Paul Pelosi, the husband of Speaker of the House and California Rep. Nancy Pelosi, is being hammered for purchasing $5 million in stock in a chip manufacturer as Congress is set to vote on legislation that could hand $52 billion to semiconductor producers.

According to a Friday report, Pelosi was back to making a number of notable moves in the stock market in June, including “investing millions in Nvidia Corporation” while selling “large quantities of Visa and Apple stocks and call options,” The Epoch Times noted, citing a disclosure from the Speaker, a California Democrat.

Advertisements

The outlet reported:

According to the filing, Paul Pelosi exercised 200 call options, or 20,000 shares, of Nvidia at a strike price of $100 and expiration of June 17, 2022, worth between $1 million and $5 million.

On that same date, her husband also sold 50 call options in Apple at a strike price of $100, with the transaction listed with a value of between $100,000 and $250,000.

Call options are a contract between a buyer and a seller to purchase a certain stock, bond, commodity, or other assets at a certain price up until a defined expiration date.

Paul Pelosi is a financier whose estimated wealth is north of $100 million. He also sold 10,000 shares of Visa that were worth between $1 million and $5 million on June 21, the filing by his wife noted.

Earlier in June, Nancy Pelosi disclosed that Paul bought options to purchase shares of Apple Inc. and Microsoft Corp. that were worth nearly $2 million. Paul owns an operates a real estate and consulting firm based in San Francisco.

Advertisements

But it was the shares in NVIDIA, one of the biggest semiconductor manufacturers in the world, that got attention.

“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” government affairs lobbyist for the left-wing think tank Public Citizen, Craig Holman, said to the Daily Caller News Foundation. “This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”

Nvidia is a multinational corporation that designs and manufactures graphics processors and other technology, and is heavily reliant on semiconductors. The House passed a bill in February that included $52 billion in domestic subsidies for the semiconductor industry, and chip companies, including Nvidia, demanded Congress in June move forward on finalizing semiconductor subsidies for domestic manufacturing.

“The conference is stuck. And so it seems to me there are a couple of ways out of this, potentially,” said Senate Minority Leader Mitch McConnell Tuesday, noting that the bill would have a better likelihood of passing without the $52 billion funding for semiconductor manufacturing.

Republican South Carolina Rep. Ralph Norman told the DCNF the “optics” of Pelosi’s stock disclosure “are horrible.”

“Obviously Speaker Pelosi would be aware of the timing of this legislation over in the Senate,” said Norman. “On the heels of that vote, for anyone in her orbit to purchase seven-figures worth of stock of an U.S.-based chip manufacturer just reeks of impropriety.”

Read the full story here.

Scroll down to leave a comment and share your thoughts.

TRENDING TODAY

Laura Ingraham Undergoes Surgery After Ski Accident, Says She’ll Miss Show As She Recovers
Media Watch

Laura Ingraham Undergoes Surgery After Ski Accident, Says She’ll Miss Show As She Recovers

by Tony Gray
January 28, 2023
Paul Pelosi Attacker’s Chilling Call With Reporter: ‘Sorry I Didn’t Get More of Them’
Politics

Paul Pelosi Attacker’s Chilling Call With Reporter: ‘Sorry I Didn’t Get More of Them’

by Tony Gray
January 28, 2023


This is an excerpt from Conservative Brief.

© 2023 Resist the Mainstream

Get Ad-Free Login Manage Account
No Result
View All Result
  • Newsletter
  • Store
  • Politics
  • US
  • Media Watch
  • World
  • COVID
  • Story of Hope
  • Opinion
    • Cartoons
  • About
  • Team
  • Contact
  • Editorial Standards
  • Core Values
  • Terms of Service
  • Privacy Policy
  • Affiliate Disclosure

© 2023 Resist the Mainstream