Pelosi Defends Lawmakers Trading Stocks as Report Shows 49 Members of Congress Violated Law Designed to Stop Insider Trading (VIDEO)
A new Business Insider report revealed 49 members of Congress failed to correctly report their stock trades which is required under the STOCK Act.
Lawmakers from both sides of the aisle failed to disclose stock trades.
Citing Business Insider, a reporter asked House Speaker Nancy Pelosi if members of Congress should be banned from trading stocks.
“Should members of congress and their spouses be banned from trading individual stocks while serving in Congress?” a reporter asked Pelosi.
Pelosi defended the herself and other lawmakers.
“No…We are a free market economy. We are a free-market economy and they should be able to participate in that,” Pelosi said.
VIDEO:
REPORTER: “Should members of congress and their spouses be banned from trading individual stocks while serving in congress?”
PELOSI: “No…We are a free market economy.
