House Speaker Nancy Pelosi hurried off the stage after a reporter asked her at a press conference Thursday if her husband had ever made a stock trade based on information she provided him.
“One more” question, the California Democrat said near the end of her weekly press briefing, before calling on a reporter.
“Over the course of his career, has your husband ever made a stock purchase or sale based on information received from you?” the reporter asked.
Pelosi was quick to issue a denial.
“No, absolutely not,” she replied.
The House speaker then ended the news conference.
“OK, thank you,” she said, before walking away from the podium.
Reporter: "Has your husband ever made a stock purchase or sale based on info received from you?"
Pelosi: "No, absolutely not."
The Pelosi’s recently bought shares in Nvidia, $NVDA, worth millions.
Nancy Pelosi backs the CHIPS Plus bill, a $52B semiconductor bill. pic.twitter.com/uMNIRVxg44
— unusual_whales (@unusual_whales) July 21, 2022
The question came days after Pelosi’s disclosure report revealed that her husband, Paul, “purchased 20,000 shares of Nvidia, one of the world’s largest semiconductor companies, on June 17,” according to the Daily Caller News Foundation.
Meanwhile, Congress is preparing to vote on legislation that “appropriates $52 billion for semiconductor R&D and manufacturing,” according to the American Institute of Physics.
The Epoch Times specified the kinds of stock trades Paul Pelosi made.
“According to the filing, Paul Pelosi exercised 200 call options, or 20,000 shares, of Nvidia at a strike price of $100 and expiration of June 17, 2022, worth between $1 million and $5 million,” the outlet said. “On that same date, her husband also sold 50 call options in Apple at a strike price of $100, with the transaction listed with a value of between $100,000 and $250,000.
“Call options are a contract between a buyer and a seller to purchase a certain stock, bond, commodity, or other assets at a certain price up until a defined expiration date.”
Paul Pelosi’s stock traes raise the “specter” of improper conduct, according to Craig Holman, a government affairs lobbyist for Public Citizen, a liberal think tank.
“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” he told the Daily Caller News Foundation.
“This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”