By
Staff Writers
|
September 4, 2022
|
01:41 am

Paul Pelosi saved 20% loss by selling Nvidia stock before new restrictions, putting further scrutiny on Nancy Pelosi

Paul Pelosi, husband of House Speaker Nancy Pelosi (D-CA), saved 20% by selling Nvidia stock ahead of new U.S. restrictions, according to a new report.

The trades included unloading 25,000 shares of the semiconductor manufacturer's stocks.

"The Pelosi's reported selling before the CHIPS+ Bill was passed. There was a loss of $341,365 on their $NVDA sale," the Twitter account Unusual Whales wrote.

"If they sold yesterday, their position would be down 20% more, due to the China & Russia restrictions. Unusual," it added.

The report comes as Congress has continued to discuss concerns about stock trading among lawmakers and their family members. Though legislation has been proposed to put a stop to the action that could take advantage of insider information, Pelosi has yet to make it a priority.

The concerning conflict should be addressed, and soon, but is unlikely to receive attention ahead of November's midterm elections.

Written By:
Staff Writers

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