Nancy Pelosi Defends Members of Congress Trading Stocks

House Speaker Nancy Pelosi (D-CA) said Wednesday she believed members of Congress should be allowed to trade stocks despite ethical questions, citing the “free market.” Pelosi, who routinely makes headlines with her husband for their prophetic ability to making winning trades, made the comment in response to a reporter who asked about a Business Insider story based on a five-month review that found a large number of lawmakers and their staffers had been late filing financial disclosures detailing their trades.

As much regulatory power as Congress has over corporations and access to nonpublic information, this news should be concerning to everyone in the market.

RELATED: Corruption: Pelosi defends letting sitting members of Congress trade stocks

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