President Donald Trump has once more attributed the exceptional 2024 stock market success of former House Speaker Nancy Pelosi to what he calls ‘inside information.’
Last year, Paul Pelosi, the husband of Nancy Pelosi, executed trades that outperformed the S&P 500’s 25% gain, garnering a return of approximately 54%. This information is according to Bloomberg data cited by the New York Post.
Reports indicate that a stock owned by Paul Pelosi, belonging to a Chicago-based company developing medicine solutions using patient data, surged in value by more than double in one month. This development follows earlier reports from Newsweek in February.
President Trump has suggested that Nancy Pelosi should be investigated for alleged insider trading. He amplified this message in a post on Truth Social late last month.
The Senate committee recently advanced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act. This bill, introduced by Sen. Josh Hawley, R-Mo, seeks to prohibit sitting lawmakers and their spouses from trading stocks.
However, all Republican committee members, with the exception of Hawley, voted against the bill. Their argument suggests that this legislation would penalize wealthy lawmakers and deter them from serving in Congress. Nancy Pelosi has expressed her support for the measure.
Trump also criticized Senator Hawley’s support for the bill in a post on Truth Social. He referred to the legislation as ‘great’ for the Pelosi family but detrimental to the country.
This raises important questions about the intersection between politics and financial markets and the potential for conflicts of interest.
The evidence suggests that the public debate on these topics will continue, fueling discussions about the ethical boundaries of our elected leaders’ financial activities. And that’s the way it is.
