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Paul Pelosi, the husband of speaker Nancy Pelosi, bought more than $ 1 million worth of shares in investment firm AllianceBernstein in February.
Tasos Katopodis / Getty Images
Paul, the husband of speaker Nancy Pelosi, has just revealed the purchase of over $ 1 million in shares
AllianceBernstein Holding,
a global investment firm.
Paul Pelosi bought 15,000 AllianceBernstein shares (ticker: AB) on February 18, then bought an additional 25,000 shares on February 23, according to a form submitted by Speaker Pelosi on March 9. Each transaction was valued at between $ 500,000 and $ 1 million. No specific figures are required for disclosure, only intervals.
Paul Pelosi and the Speaker Pelosi office did not respond to requests for comment on share acquisitions.
Paul Pelosi, a businessman and private investor, would not usually be required to report transactions publicly. However, civil servants, spouses and dependent children must report financial transactions in excess of $ 1,000, usually within 30 days.
Paul Pelosi had bought 20,000 AllianceBernstein shares in December. It seems that it was a new investment, because he had no shares at the end of 2019, he had no other transactions in that action in 2020.
AllianceBernstein stock gained 11.6% last year compared to a 16.3% increase in
S&P 500 Index,
a large measure of the market. However, by 2021, AllianceBernstein shares had risen by 14.3%, while the index had risen by 5.0%.
Inside Scoop is a common feature of Barron that covers transactions with shares of corporate executives and board members – the so-called insiders – as well as large shareholders, politicians and other prominent figures. Due to their privileged status, these investors are required to disclose transactions in shares with the Securities and Exchange Commission and other regulatory groups..
Write to Ed Lin at [email protected] and follow @BarronsEdLin.