Nancy Pelosi's Portfolio Returned Over 700% In a Decade
Nancy Pelosi's Portfolio Returned Over 700% In a Decade
Nancy Pelosi and several members of the US Congress have tech-heavy investment portfolios that have generated triple-digit returns over the past decade.
According to the alternative data platform Quiver Quantitative, replicating Nancy Pelosi's stock trades would have yielded returns exceeding 720% since May 2014.
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I know people who have worked in corporate acquisitions and there are a ton of controls in place to limit information access and prevent the mere appearance of privelged information being used for personal gain. Likewise in other industries like utilities there are pretty complex regulations to prevent companies from getting even a few cents per kilowatt hour advantage, etc. and all this shit has multimillion dollar fines attached.
Congress could definitely adopt a rule that bans trading stocks for anyone who receives classified or nonpublic industry-specific information as part of security briefings or their committee assignments. Or hell, just limit congresspeople to index funds or generic portfolios managed by external fiduciaries, while in office.
It seems that if both Gaetz/Cruz types and AOC agree on this, they could get it done, but the establishment politicians don't want to because they view it as a perk of the job.
AOC and others should just set up an environmentally friendly index based on their inside information. Republicans will put rules in place the same day.
Doubt
Yeah, the rules will be regarding the information benefiting outside investors instead of Congress.
Hey. Shut yer mouth.