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A newly sworn-in Securities and Alternate Fee (SEC) commissioner is a former staffer for Home Speaker Nancy Pelosi, D-Calif.
SEC commissioner Jaime Lizárraga was sworn in on Monday to his place within the monetary regulatory physique.
Lizárraga was Pelosi’s senior advisor and director of member companies for over a decade.
BILL TO PREVENT LAWMAKERS AND THEIR SPOUSES FROM STOCK TRADING AT STANDSTILL AS PELOSI FACES BACKLASH
In response to Legistorm, Lizárraga joined Pelosi’s workers as a senior adviser whereas she was the Home minority chief and after she turned speaker once more.
Previous to Pelosi’s workers, Lizárraga labored as deputy director of legislative affairs for the SEC and in addition labored on the Home Monetary Providers Committee.
Lizárraga’s swearing-in come as Pelosi and her husband Paul Pelosi face scrutiny over trades of Nvidia inventory that got here earlier than a vote on a tech invoice.
On Thursday, in response to a query from Fox Information Digital, Pelosi stated her husband, Paul Pelosi, by no means made inventory purchases based mostly on inside data he may need obtained. “No. Completely not,” she stated.
The denial got here after Pelosi made headlines when her husband, who has develop into identified for making inventory trades price tens of millions, made a purchase order of laptop chip inventory.
Pelosi’s workplace has defended purchases by her husband and reiterated that Pelosi, who may convey a measure stopping lawmakers and their spouses from buying and selling inventory to the Home ground for a vote, doesn’t personal any inventory.
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Pelosi is price an estimated $114 million, in response to her 2018 private monetary disclosure. She is the sixth-richest member of the Home and the 10th richest member of Congress, in response to knowledge tracked by the Heart for Responsive Politics.
A number of elected Republicans and Democrats have spoken out in latest months in favor of efforts and measures to stop members of Congress from inventory buying and selling, however it seems there isn’t a consensus amongst members within the Senate or Home on what a remaining invoice ought to appear like.
Fox Information Digital’s Kyle Morris contributed reporting.
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