Democrat Senator Called On To Step Down Following Insider Trading Allegations

A prominent Democrat Senator is now facing calls to resign following the revelations that his wife owns stock in the very companies he regulates.

Senator Ron Wyden (D-OR), who is Chairman of the Senate Finance Committee, has been caught in a scandal regarding insider trading allegations.

Wyden’s wife, Nancy Wyden, owns $3 million in big tech stocks. Ron Wyden is one of the leading figures attempting to push Biden’s big tech agenda.

Moreover, Nancy Wyden has made some very profitable trades over the last several years. For example, in 2021 Nancy Wyden bought five tech stocks that all saw windfall profits.

While this is possible, it is highly unlikely that any individual would choose five winning stocks in any given year. Even Warren Buffet has winners and losers.

The New York Young Republicans issued a letter to Wyden calling on him to step down from his position on the Senate Finance Committee:

Ron Wyden has won re-election.

In June 2021, the Senate passed a tech manufacturing bill to counter China.

Politicans purchased semi-conductor stocks BEFOREHAND.

For example, Nancy Wyden bought $AAPL, $AMAT, $AVGO, $KLAC & $NVDA BEFORE the legislation.

They all rallied. pic.twitter.com/DX2jmlIkHb

— unusual_whales (@unusual_whales) November 9, 2022

During the month of April and into early May, Nancy Bass-Wyden, who is married to Oregon Democratic Sen. Ron Wyden, bought a wide range of stocks totaling between $714,000 and $1.8 million.https://t.co/tFxXKXWFU3

— Chris Marquette (@ChrisMarquette_) May 8, 2020

Rolling Stone recently reported:

Sen. Ron Wyden (D-Ore.) has led a public crusade to demand that the Biden administration push Big Tech’s anti-regulation agenda worldwide — despite the fact his wife owns up to $3 million worth of stock in major tech companies that could benefit from the effort, according to financial disclosure records.

Wyden has long been an ally of the tech industry, and his wife is quite wealthy.

Users highlighted yet another financial scandal tied to the Nancy Wyden, and the Wyden family, in several online posts detailing her misuse of PPP funds.

Nancy Bass Wyden not only owns the building that the Strand is located in but also took PPP money only to invest it in Amazon and other stocks while laying off hundreds of employees and cutting off their healthcare during a global pandemic. shop elsewhere https://t.co/BiFRvf3sUA

— 𝖋𝖆𝖊𝖗𝖚𝖓-𝖈𝖔𝖓𝖙𝖗𝖆 𝖆𝖋𝖋𝖆𝖎𝖗 (@lazer_rodeo) October 23, 2020

https://twitter.com/GetARealCoffee/status/1320002078308270081

Fox Business noted Nancy Wyden’s trading activities several years ago:

Sen. Ron Wyden, D-Ore., is pushing for legislation to expand U.S. manufacturing of semiconductors, batteries and other technology – but his wife recently purchased at least $2,000 worth of stock in American semiconductor manufacturing tool companies.