Speaker Nancy Pelosi’s husband, Paul Pelosi, won big on Alphabet Inc. stock and added bets on Amazon.com Inc. and Apple Inc. in the weeks leading up to the House Judiciary Committee’s vote on antitrust legislation that seeks to severely limit how these companies organize and offer their products.
In a financial disclosure signed by Nancy Pelosi July 2, her husband reported exercising call options to acquire 4,000 shares of Alphabet, the parent company of Google, at a strike price of $1,200. The trade netted him a $4.8 million gain, and it’s risen to $5.3 million since then as the shares have jumped.
The transaction was completed just a week before the House Judiciary Committee advanced six bipartisan antitrust bills, four of which take aim at Google, Amazon, Apple and Facebook Inc. Market reaction was muted, suggesting that investors don’t see the House proposals as a real threat to the companies. Alphabet’s share price has increased 3.2% since the judiciary panel approved the legislation.
INSIDER TRADING where is the charges and punishment?
NOT THE FIRST TIME. This has happen with Pelosi and several other Politians and nothing has happen buy Martha Stewart received prison time for a lot less.
Right Martha Stewart went to jail for the same thing!
Lock up the PELOSI’S !!!!! FINALLY
You want to lock up the Mafia family??? Pelosi will never pay for any of her corruption and she has spent a life time in it!!!!