With Nancy Pelosi retiring, stock traders who copy her need to find a new hero
12 days ago
- #Congress
- #Stock Trading
- #Nancy Pelosi
- Nancy Pelosi announced her retirement from Congress, ending her four-decade career and her requirement to disclose stock trades after 2027.
- Pelosi's disclosed trades, mostly by her husband Paul Pelosi, totaled about $59 million in the last three years, attracting significant investor attention.
- A 'Nancy Pelosi Stock Tracker' on X has 1.2 million followers, and an ETF fund named 'NANC' tracks trades by Democratic lawmakers, outperforming the S&P 500.
- Pelosi has denied any wrongdoing regarding stock trades, defending lawmakers' participation in the free market despite criticism over potential insider advantages.
- Efforts to ban congressional stock trading have gained bipartisan support, with Pelosi backing the ban, though her family continues trading, including a recent $100,000 Apple stock transfer.