Pelosi Had To Answer Questions Regarding Insider Trading Allegations

Former U.S. House Speaker Nancy Pelosi (D-San Francisco) and her husband have participated in at least eight IPOs. One notable instance occurred in 2008 with Visa, coinciding with the introduction of legislation that could have negatively impacted credit card companies. Despite the potential conflict of interest, the Pelosis purchased 5,000 shares of Visa at the initial price of $44. Two days later, the shares were trading at $64. The credit card legislation never reached the House floor.