Paul Pelosi, who runs a real estate and venture capital investment and consulting firm based in San Francisco, did not break any laws by making the purchases as these types of transactions occur frequently.
Spouses of members of Congress are allowed to own shares of companies in industries of which their significant others may help regulate, but under the STOCK Act they are not allowed to act on nonpublic information. The same goes for the Congress members themselves.
Paul Pelosi did not immediately respond to FOX Business’ request for comment.
“The problem is there are a lot of things that any congressperson could do behind the scenes to positively influence Tesla [shares], such as stalling legislation and putting forth legislation,” said Aaron Hill, professor of management at the University of Florida. “A lot of this is just documented in committee meetings, so it really raises the specter of double-dealing or certainly conflict of interest.”
Nancy Pelosi is not alone in being scrutinized. Other members of Congress have raised some flags for certain financial transactions.
