Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.
This is bad. Really, really bad. Burr was one of the few that I actually had respect for. Looked like he was trying to run a real Russia investigation. But with no re-election (he is retiring) his going along with MAGA was showing his true colors, and now it is clear he is a crook, just like the rest of them.
Trading on inside information is a serious crime, and he should be criminally charged if true.
Well, I can tell you as someone that works in financial services that trading on material non public information is a big time no-no that the SEC has been enforcing aggressively for quite some time. Whether or not that pertains to Congress? Dunno. Seems to me that it certainly should. I can’t really see why it wouldn’t.