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Nancy Pelosi's new excuse for opposing a ban or limit on lawmaker's stock trading activity is that she always defers to 'trusting our members' and claims it's the Justice Department's responsibility to tackle insider trading. 'I do come down always in favor of trusting our members,' the House Speaker said during her weekly briefing on Thursday. 'Now if the impression that is given by some that somebody's doing insider trading – that's a Justice Department issue,' she continued. 'And that has no place in any of this.'

A group of Food and Drug Administration experts green lighting the Johnson and Johnson COVID-19 vaccine for emergency use... The coronavirus crackdown in Israel for the Purim holiday. On the first night of an overnight curfew more than 100 parties broken up and over 25-hundred citations issued... Rush Limbaugh laid to rest at a cemetery in St. Louis on Wednesday in a private ceremony ... The only deadly act of violence at the US Capitol on January 6th was by a US Capitol police officer who killed Air Force veteran Ashli Babbitt.. "The new US administration should first and foremost...

It likely takes a lot of main justice approvals to serve a search warrant for the device of the Chairman of the U.S. Senate Select Committee on Intelligence (SSCI). The Chairman of the powerful committee also sits on the congressional oversight team known as the gang-of-eight. According to the Los Angeles Times the FBI served a search warrant on North Carolina Republican Senator Richard Burr Wednesday. The warrant appears connected to an ongoing investigation on whether or not Burr violated a law that prevents members of Congress from trading insider information they learn from their work. According to the report...

Sen. Dianne Feinstein (D-Calif.) spoke to the FBI and handed over documents last month related to recent stock transactions by her husband that have come under public scrutiny. "Senator Feinstein was asked some basic questions by law enforcement about her husband’s stock transactions. ...She was happy to voluntarily answer those questions to set the record straight and provided additional documents to show she had no involvement in her husband’s transactions," a spokesman said. Feinstein's conversation with the FBI took place in April and the spokesman said that "there have been no follow up actions on this issue." Feinstein's husband sold...

House Democratic Leader Nancy Pelosi’s husband bought up to a quarter million dollars of stock in SunEdison, a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent its stock price soaring. SunE's 2014 purchase of wind energy company First Wind “further bolstered the reputation of the company,” wrote one market-watcher at the time. “Perhaps unsurprisingly, SunEdison’s stock soared 29% on news of this acquisition alone.”

Note from financial advisor Kip Herriage: “With this report, I make no claim to specific knowledge of any wrongdoing or improprieties. Instead, this report includes trading patterns, news releases and/or public record SEC filings.” We will examine the share price movements of two gun manufacturers (American Outdoor Brands and Sturm Ruger) and the share price movement of MGM (which owns Mandalay Bay). We will also examine additional financial events surrounding MGM, including what can only be referred to as massive levels of insider selling in the shares of MGM, by the CEO/Chairman and MGM officers/directors. As you’ll see, more than...

The AP review of Clinton's calendar — her after-the-fact, official chronology of the events of her four-year term — identified at least 75 meetings with longtime political donors and loyalists, Clinton Foundation contributors and corporate and other outside interests that were either not recorded or listed with identifying details scrubbed. The AP found the omissions by comparing the 1,500-page document with separate planning schedules supplied to Clinton by aides in advance of each day's events. The names of at least 114 outsiders who met with Clinton were missing from her calendar, the records show...

Wall Street investors hungry for advance information on upcoming federal health-care decisions repeatedly held private discussions with Obama administration officials, including a top White House adviser helping to implement the Affordable Care Act. The private conversations show that the increasingly urgent race to acquire“political intelligence” goes beyond the communications with congressional staffers that have become the focus of heightened scrutiny in recent weeks. White House records show that Elizabeth Fowler, then a top ­health-policy adviser to President Obama, met with executives from half a dozen investment firms in 2011 and 2012. Among them was Kris Jenner, a stock picker with...

... Pelosi and her husband doubled their stock investment on a highly sought after Visa IPO in a matter of only weeks, according to Schweizer. “She and her husband were given access to low price, pre-IPO shares of stock — 5,000 shares that they were able to buy for $44 apiece and then they were able to see that value go up by 50 percent in one day, and then more than double in value within a couple of weeks,” he says, adding that the deal took place during Pelosi’s reign as Speaker. “They were given access to this stock...

Michael Lewitt has an interesting new book out, called "The Death of Capital". In it, Lewitt attacks speculative investment activities such as private equity buyouts. He notes that such speculation "has been a prime abuser of capital as it has diverted an inordinate amount of capital into unproductive uses while producing (at best) mediocre returns and charging unjustifiably exorbitant fees." He also cites naked credit default swaps, leveraged buyouts and quantitative stock trading strategies as cases where capital has been channeled into unproductive use. Surveying the base metals this week, his point is driven home. The aluminum price ticked up...

2:01PM Dow turns negative for 2006 ($INDU) by Tomi Kilgore NEW YORK (MarketWatch) -- The Dow industrials ($INDU) was last down 173 points at 10,707, and has turned negative for 2006 for the first time. It closed out 2005 at 10,717.50. The Dow has now lost 336 points since closing at a 4 1/2-year high on Jan. 11, and is on course to close at its lowest level since Nov. 16.

'Zero intelligence' trading closely mimics stock market11:59 01 February 2005 NewScientist.com news service Katharine Davis A model that assumes stock market traders have zero intelligence has been found to mimic the behaviour of the London Stock Exchange very closely. However, the surprising result does not mean traders are actually just buying and selling at random, say researchers. Instead, it suggests that the movement of markets depend less on the strategic behaviour of traders and more on the structure and constraints of the trading system itself. The research, led by J Doyne Farmer and his colleagues at the Santa Fe Institute,...