Latest news with #STOCKActof2012
Kuwait Times
4 days ago
- Business
- Kuwait Times
US ban on stock trading act bill proposal of 2025
US ban on stock trading act bill proposal of 2025 By Abdullah Alkayat Insider trading is still an everyday issue in the United States, the first country in the world to define what constitutes inside information and make it illegal in 1934, after Congress enacted the Securities Exchange Act of 1934 following what is known as the 'Great Crash' of 1929, during which the stock market lost 89 percent of its value. Since that day, insider trading has been taken seriously by the public, and the SEC has pursued full enforcement. However, practice has shown that there are some loopholes—particularly for elected members of the US Congress—who have access to inside information due to their roles. There have been insider trading investigations in which some Congress members were found to have violated the Securities Exchange Act of 1934 by trading based on non-public information while in office, making profits or avoiding losses prior to any public announcements, at which point it is too late for the general public to participate and benefit. To make the rules more strict for congressional trading and combat insider trading, President Obama signed the 'Stop Trading on Congressional Knowledge (STOCK) Act of 2012' into law. This law prohibited members of Congress from trading on non-public information obtained during their work and required public disclosure of their stock trades within 45 days. The law also applies to the spouses of Congress members. Nevertheless, the law seemed like a paper tiger—it has not prevented insider trading from occurring. In fact, the 2020 congressional insider trading scandal showed that such practices were still happening. The 2020 congressional insider trading scandal erupted after several US Senators were accused of selling large amounts of stock following a private Senate briefing about the emerging COVID-19 pandemic, weeks before the public fully grasped its severity. Among those scrutinized was Senator Burr, then-chair of the Senate Intelligence Committee, who drew particular attention after reports revealed he sold between $600,000 and $1.7 million in stocks shortly after the briefing. Critics argued that these lawmakers may have used non-public information for personal financial gain while downplaying the threat of the virus publicly. Although the Department of Justice and the Securities and Exchange Commission launched investigations, most were eventually closed without charges. Nevertheless, the scandal fueled public outrage, intensified scrutiny of the STOCK Act of 2012, and revived calls for stronger laws to prevent elected officials from trading individual stocks while in office. To make insider trading laws more strict, the Ban Congressional Stock Trading Act of 2025 bill is being introduced in the US Congress to address growing public concern over lawmakers using non-public information for personal financial gain. Although the STOCK Act of 2012 requires members of Congress to disclose trades within 45 days and prohibits insider trading, it has proven inadequate due to weak enforcement and delayed or incomplete disclosures. The new bill seeks to close these loopholes by completely prohibiting members of Congress, their spouses, and dependent children from owning or trading individual stocks while in office. Instead, they must divest or place assets into blind trusts, removing the temptation to act on confidential information. This reform is seen as essential to restoring public trust, enhancing transparency, and preventing conflicts of interest that undermine democratic accountability. With recent scandals and reports showing that some lawmakers' portfolios have outperformed the market, public demand for stronger ethical standards has intensified. The bill aims to eliminate both real and perceived corruption, simplify compliance and enforcement, and ensure that legislators focus solely on serving the public—not enriching themselves. In Kuwait, the likelihood of introducing a bill similar to the US Ban Congressional Stock Trading Act is relatively low, primarily due to the unique characteristics of the Kuwaiti political and financial landscape. Kuwait has a much smaller and less complex capital market compared to the United States, and the number of elected officials in the National Assembly is limited to just 50 members—significantly fewer than the hundreds of legislators in the US Congress. This smaller scale reduces the systemic risk and public concern associated with insider trading by lawmakers. Moreover, the overlap between legislative activity and private market influence is less pronounced in Kuwait, where political influence often centers around public-sector employment and budgetary matters rather than corporate regulation or securities. While ethical oversight and financial transparency remain important, the perceived urgency for legislation banning stock trading by elected officials has not gained the same traction, in part because the infrastructure and market depth necessary to facilitate such trading at a concerning scale are simply not present. More importantly, under Kuwaiti law, the definition of an insider as presented in the glossary of the Capital Markets Authority (CMA) and codified in the CMA Law encompasses any person in a position that grants them access to material, non-public information concerning a listed company. This broad definition clearly includes members of the National Assembly of Kuwait. Therefore, if a member of Parliament exploits insider information in violation of the CMA Law, they are subject to immediate prosecution by the Capital Markets Authority.
Yahoo
25-04-2025
- Business
- Yahoo
Is Tesla, Inc. (TSLA) the Best Nancy Pelosi Stock to Invest In Now?
We recently published a list of . In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other best Nancy Pelosi stocks to invest in now. We are aware that Nancy Pelosi isn't the only member of the Congress with amazing stock picking ability. And wouldn't you know it, fresh-faced financial geniuses like Marjorie Taylor Green are popping up, conveniently dumping Treasuries to load up on tech stocks just before a tariff pause. Green sold around $75000 (give or take $25000) of US Treasury bills to fund purchases of more than a dozen stocks (mostly tech stocks) before Trump's temporary tariff pause announcement. We published the list of her stock picks in 20 Best Stocks to Buy According to Marjorie Taylor Greene. In the past few decades, stock trading based on access to information not made readily public was considered a side-benefit to being a lawmaker in the United States. After huge public outcry against the trading activities of lawmakers, Congress passed the STOCK Act of 2012 that made it mandatory for lawmakers to disclose these trades publicly. Staffers at The New York Times had previously claimed that trading patterns showed that the longstanding concerns about the potential for conflicts of interest or the use of inside information by members of Congress were viable and should have been addressed on a priority basis. Some US lawmakers, including Nancy Pelosi, the former Speaker of the House of Representatives, have advocated for a blanket ban on members of Congress and their family members from dealing in individual stocks while in office. Pelosi, who had previously voiced her opposition to such proposals, nevertheless continues to dabble at the stock market. During the 2020 pandemic, the stock trading activities of Pelosi went widely viral on social media as retail traders created the Pelosi Tracker, an account on social networking platform X that disclosed trades made by Paul Pelosi, the husband of the House Speaker who is an investor and owns and operates Financial Leasing Services, a real estate and venture capital firm. A spokesperson for the former House Speaker has said that Pelosi is not involved in the investment decisions made by her husband. This admission seems rather difficult to digest given the insider information that Pelosi is privy to due to her senior position in the House. Retail traders have since started mimicking the trading activity of the Pelosi Tracker to cash in on the popularity of the tracker. The reviews of such mimicking activity on platforms like Reddit seem mixed at best, but their popularity is uncontested. For this article, we consulted Capitol Trades, a platform that tracks the stock trading activity of politicians in the United States. It is important to clarify that the stocks listed below were picked from the public record of investments Pelosi and her family have made in the past few months. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Copyright: wolandmaster / 123RF Stock Photo Number of Hedge Fund Holders: 126 Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company. A mandatory filing from early July 2024 shows that Pelosi sold 2,500 shares of Tesla, Inc. (NASDAQ:TSLA) worth somewhere $250,000 to $500,000 in late June 2024. Latest reports indicate that Tesla CEO Elon Musk has decided to join the blockbuster AI Infrastructure Partnership through xAI, his AI startup. AI Infrastructure Partnership is an initiative launched in September 2024 that invests in data centers for artificial intelligence around the globe and the energy needed to power them. The partnership seeks to initially unlock $30 billion in capital from investors, asset owners, and corporations, and then mobilize up to $100 billion in total investment potential. Overall, TSLA ranks 8th on our list of best Nancy Pelosi stocks to invest in now. While we acknowledge the potential of these companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TSLA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
Is NVIDIA Corporation (NVDA) the Best Nancy Pelosi Stock To Invest In Now?
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other best Nancy Pelosi stocks to invest in now. We are aware that Nancy Pelosi isn't the only member of the Congress with amazing stock picking ability. And wouldn't you know it, fresh-faced financial geniuses like Marjorie Taylor Green are popping up, conveniently dumping Treasuries to load up on tech stocks just before a tariff pause. Green sold around $75000 (give or take $25000) of US Treasury bills to fund purchases of more than a dozen stocks (mostly tech stocks) before Trump's temporary tariff pause announcement. We published the list of her stock picks in 20 Best Stocks to Buy According to Marjorie Taylor Greene. In the past few decades, stock trading based on access to information not made readily public was considered a side-benefit to being a lawmaker in the United States. After huge public outcry against the trading activities of lawmakers, Congress passed the STOCK Act of 2012 that made it mandatory for lawmakers to disclose these trades publicly. Staffers at The New York Times had previously claimed that trading patterns showed that the longstanding concerns about the potential for conflicts of interest or the use of inside information by members of Congress were viable and should have been addressed on a priority basis. Some US lawmakers, including Nancy Pelosi, the former Speaker of the House of Representatives, have advocated for a blanket ban on members of Congress and their family members from dealing in individual stocks while in office. Pelosi, who had previously voiced her opposition to such proposals, nevertheless continues to dabble at the stock market. During the 2020 pandemic, the stock trading activities of Pelosi went widely viral on social media as retail traders created the Pelosi Tracker, an account on social networking platform X that disclosed trades made by Paul Pelosi, the husband of the House Speaker who is an investor and owns and operates Financial Leasing Services, a real estate and venture capital firm. A spokesperson for the former House Speaker has said that Pelosi is not involved in the investment decisions made by her husband. This admission seems rather difficult to digest given the insider information that Pelosi is privy to due to her senior position in the House. Retail traders have since started mimicking the trading activity of the Pelosi Tracker to cash in on the popularity of the tracker. The reviews of such mimicking activity on platforms like Reddit seem mixed at best, but their popularity is uncontested. For this article, we consulted Capitol Trades, a platform that tracks the stock trading activity of politicians in the United States. It is important to clarify that the stocks listed below were picked from the public record of investments Pelosi and her family have made in the past few months. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a colorful high-end graphics card being plugged in to a gaming computer. Number of Hedge Fund Holders: 223 NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. A regulatory filing dated January 17 reveals that Pelosi exercised 500 CALL options purchased in late 2023 (50,000 shares) worth somewhere between $500,000 and $1,000,000 on NVIDIA Corporation (NASDAQ:NVDA) stock on December 20 last year. The transaction was disclosed the same day it was made. Latest reports from the Financial Times indicate that NVIDIA plans to invest hundreds of billions of dollars in US-made chips and electronics over the next four years. The artificial intelligence chip giant expects to spend around half-a-trillion dollars on electronics during the four-year period, according to the report. Overall, NVDA ranks 3rd on our list of best Nancy Pelosi stocks to invest in now. While we acknowledge the potential of these companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
Is Micron Technology, Inc. (MU) the Best Nancy Pelosi Stock To Invest In Now?
We recently published a list of . In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other best Nancy Pelosi stocks to invest in now. We are aware that Nancy Pelosi isn't the only member of the Congress with amazing stock picking ability. And wouldn't you know it, fresh-faced financial geniuses like Marjorie Taylor Green are popping up, conveniently dumping Treasuries to load up on tech stocks just before a tariff pause. Green sold around $75000 (give or take $25000) of US Treasury bills to fund purchases of more than a dozen stocks (mostly tech stocks) before Trump's temporary tariff pause announcement. We published the list of her stock picks in 20 Best Stocks to Buy According to Marjorie Taylor Greene. In the past few decades, stock trading based on access to information not made readily public was considered a side-benefit to being a lawmaker in the United States. After huge public outcry against the trading activities of lawmakers, Congress passed the STOCK Act of 2012 that made it mandatory for lawmakers to disclose these trades publicly. Staffers at The New York Times had previously claimed that trading patterns showed that the longstanding concerns about the potential for conflicts of interest or the use of inside information by members of Congress were viable and should have been addressed on a priority basis. Some US lawmakers, including Nancy Pelosi, the former Speaker of the House of Representatives, have advocated for a blanket ban on members of Congress and their family members from dealing in individual stocks while in office. Pelosi, who had previously voiced her opposition to such proposals, nevertheless continues to dabble at the stock market. During the 2020 pandemic, the stock trading activities of Pelosi went widely viral on social media as retail traders created the Pelosi Tracker, an account on social networking platform X that disclosed trades made by Paul Pelosi, the husband of the House Speaker who is an investor and owns and operates Financial Leasing Services, a real estate and venture capital firm. A spokesperson for the former House Speaker has said that Pelosi is not involved in the investment decisions made by her husband. This admission seems rather difficult to digest given the insider information that Pelosi is privy to due to her senior position in the House. Retail traders have since started mimicking the trading activity of the Pelosi Tracker to cash in on the popularity of the tracker. The reviews of such mimicking activity on platforms like Reddit seem mixed at best, but their popularity is uncontested. For this article, we consulted Capitol Trades, a platform that tracks the stock trading activity of politicians in the United States. It is important to clarify that the stocks listed below were picked from the public record of investments Pelosi and her family have made in the past few months. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up view of a computer motherboard with integrated semiconductor chips. Number of Hedge Fund Holders: 94 Micron Technology, Inc. (NASDAQ:MU) makes and sells semiconductor products. According to a Periodic Transaction Report from late 2022, Pelosi sold 100 CALL options on Micron Technology, Inc. (NASDAQ:MU) stock purchased in late 2021 with a strike price of $50 and an expiration date of late 2022. The transaction in this regard was worth between $15,000 and $50,000. Micron stock has gained since AI powerhouse NVIDIA revealed that the former would be a critical supplier for the NVIDIA GeForce RTX 50 Blackwell graphics processing units (GPUs). Investment advisory Citi recently termed the development a positive for Micron as well. Overall, MU ranks 11th on our list of best Nancy Pelosi stocks to invest in now. While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
23-04-2025
- Business
- Yahoo
Is PayPal Holdings (PYPL) the Best Nancy Pelosi Stock to Invest In Now?
We recently published a list of . In this article, we are going to take a look at where PayPal Holdings, Inc. (NASDAQ:PYPL) stands against other best Nancy Pelosi stocks to invest in now. We are aware that Nancy Pelosi isn't the only member of the Congress with amazing stock picking ability. And wouldn't you know it, fresh-faced financial geniuses like Marjorie Taylor Green are popping up, conveniently dumping Treasuries to load up on tech stocks just before a tariff pause. Green sold around $75000 (give or take $25000) of US Treasury bills to fund purchases of more than a dozen stocks (mostly tech stocks) before Trump's temporary tariff pause announcement. We published the list of her stock picks in 20 Best Stocks to Buy According to Marjorie Taylor Greene. In the past few decades, stock trading based on access to information not made readily public was considered a side-benefit to being a lawmaker in the United States. After huge public outcry against the trading activities of lawmakers, Congress passed the STOCK Act of 2012 that made it mandatory for lawmakers to disclose these trades publicly. Staffers at The New York Times had previously claimed that trading patterns showed that the longstanding concerns about the potential for conflicts of interest or the use of inside information by members of Congress were viable and should have been addressed on a priority basis. Some US lawmakers, including Nancy Pelosi, the former Speaker of the House of Representatives, have advocated for a blanket ban on members of Congress and their family members from dealing in individual stocks while in office. Pelosi, who had previously voiced her opposition to such proposals, nevertheless continues to dabble at the stock market. During the 2020 pandemic, the stock trading activities of Pelosi went widely viral on social media as retail traders created the Pelosi Tracker, an account on social networking platform X that disclosed trades made by Paul Pelosi, the husband of the House Speaker who is an investor and owns and operates Financial Leasing Services, a real estate and venture capital firm. A spokesperson for the former House Speaker has said that Pelosi is not involved in the investment decisions made by her husband. This admission seems rather difficult to digest given the insider information that Pelosi is privy to due to her senior position in the House. Retail traders have since started mimicking the trading activity of the Pelosi Tracker to cash in on the popularity of the tracker. The reviews of such mimicking activity on platforms like Reddit seem mixed at best, but their popularity is uncontested. For this article, we consulted Capitol Trades, a platform that tracks the stock trading activity of politicians in the United States. It is important to clarify that the stocks listed below were picked from the public record of investments Pelosi and her family have made in the past few months. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A consumer in a cafe paying for goods using a mobile payment app. Number of Hedge Fund Holders: 94 PayPal Holdings, Inc. (NASDAQ:PYPL) is a digital payments firm. A regulatory filing dated early 2023 reveals that Pelosi sold 5,000 shares worth somewhere between $250,000 and $500,000 in PayPal Holdings, Inc. (NASDAQ:PYPL) in late 2022. The shares were sold at an average price of $69.10 for a total loss of $424,313. Paypal stock has risen since the company revealed ambitious growth numbers for 2027 last month. Per the firm, investors should expect low teens plus non-GAAP EPS growth by 2027. The company expects 2025 non-GAAP EPS growth of 6%-10%, while the consensus stands at $5.04. Additionally, the payments tech company said it expects EPS growth of over 20% in the longer term. Overall, PYPL ranks 10th on our list of best Nancy Pelosi stocks to invest in now. While we acknowledge the potential of these companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PYPL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
