Pelosi Caves, Backs Stock-Trading Ban

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Speaker Nancy Pelosi, D-Calif., has done an about face and now is working with House Democrats to ban members of Congress and senior staff from trading stocks, Punchbowl News reported Wednesday.

Pelosi previously said she did not support such a ban. A multimillionaire, she has filed trade disclosures that were shared widely across social media soon after they appeared on the House website.

The speaker has raked in as much as $30 million personally from insider stock trades on the very Big Tech companies facing an antitrust bill in Congress, the New York Post reported early last month.

Reuters recently reported that Pelosi filed transaction reports showing her husband, financier Paul Pelosi, made trades valued at as much as $5 million at a time in Big Tech companies.

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