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Share: The ability of members of U.S. Congress to buy and sell stocks has been controversial over the years. One of its most prominent members made some purchases in December that could benefit from the new Biden administration. What Happened: It was revealed over the weekend that Speaker of the House and California Rep. Nancy Pelosi purchased 25 call options of Tesla Inc (NASDAQ: TSLA). The purchases could have been done by Pelosi or her husband Paul, who runs a venture capital firm. The options were bought at a stake price of $500 and expiration of March 18, 2022. Pelosi paid between $500,000 and $1,000,000 for the options, according to the disclosure. ....
Cleaning up government can start on Capitol Hill With insider trading so tough to prove, members of Congress should be banned from trading stocks while in office. By The Editorial BoardUpdated December 28, 2020, 3:00 a.m. Email to a Friend US Senator David Perdue of Georgia, now running for reelection in a Georgia runoff, is reportedly the Senateâs most prolific stock trader, and has been investigated by the Justice Department for insider [email protected]/Bob Andres The two Republican incumbents locked in heated runoff battles for Georgiaâs two Senate seats â and control of the US Senate â also happen to be among that bodyâs top stock traders. ....