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U.S. House speaker Pelosi discloses trades in Apple and Microsoft -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Nancy Pelosi, the US Speaker of the House, walks up to the House Triangle in Washington before she speaks on May 18th, 2022, the 25th anniversary of the New Democrat Coalition (on Capitol Hill) in Washington. REUTERS/Tom Brenner/File Photo

By Noel Randewich

(Reuters) – U.S. House Speaker Nancy Pelosi announced Monday’s stock market trades, including options purchases to purchase Apple Inc shares (NASDAQ:). Microsoft Corp (NASDAQ:).

The senior Democrat revealed that Paul Pelosi (financier) bought Apple call options in a transaction report she signed on Friday. It was posted on the House of Representatives website Monday.

On May 24, he bought more Apple call options, in an amount between $250,001 and $500,000, the disclosure https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2022/20021142.pdf shows. Paul Pelosi also bought Microsoft options worth up to $600,000.

Social media users, including Twitter (NYSE :), Reddit Youtube, Youtube, and TikTok, have been closely following Pelosi’s trade disclosures over the past months. They believe her House Speaker position gives her an advantage over her husband.

It is now illegal for Congressmen to profit from the information they have gathered through their work at Congress. This law obliges them to report stock transactions within 45 calendar days by either themselves or their families.

In January, Pelosi indicated that she may be open to advancing legislation banning stock trading by legislators. This was an opposite to her prior position that protected the rights of lawmakers to trade stocks.

The Senate Democrats have failed to approve this year’s proposals to ban stock trading.

Pelosi’s stock trading performance ranked sixth-best in Congress in 2021, with Republican Congressman Austin Scott leading the way, according to an analysis https://unusualwhales.com/i_am_the_senate/full by Unusual Whales, a service selling financial data.

Paul Pelosi bought Microsoft options and Apple stock in May, following a severe Wall Street selloff due to concerns about rising interest rates.

Pelosi, who has so far filed six transaction reports for 2022, disclosed trades in Apple. Also, she has disclosed trades in Walt Disney (NYSE:) Co, Tesla, PayPal, (NASDAQ:) Holdings, and other stocks that are widely held.

The Justice Department was able to suspend investigations into stock trades made by at most three senators before the 2020 market slump. This occurred due to the coronavirus epidemic pandemic.

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