The North Carolina Republican and three other senators who sold off stocks after coronavirus briefings denied any wrongdoing.
The amount of stock that was sold was likely most of Burr's holdings — Roll Call estimated his net worth at $1.7 million in 2018. The market started falling by more than 30 percent a week after Burr's sale.A number of other senators who'd sold off stocks after coronavirus briefings also denied wrongdoing Friday.
Disclosure records reviewed by NBC News show that three other senators sold major holdings around the same time, including Sens. Dianne Feinstein, D-Calif., Kelly Loeffler, R-Ga., and James Inhofe, R-Okla. Asked about the stock sales Friday, President Donald Trump singled out Feinstein, a Democrat, and then said he knew all the senators involved and"I find them to be honorable people."
Feinstein and her husband shed up to $6 million worth of stock in Allogene Therapeutics, a biotech company, between the end of January and Feb. 18, disclosure records show. A Feinstein spokesman told NBC News on Friday that she"did not sell any stock. The transactions you're referencing were made by her spouse. All of Senator Feinstein's assets are in a blind trust, as they have been since she came to the Senate. She has no involvement in any of her husband's financial decisions."on Friday morning, Loeffler denied using insider information, and said the trades were carried out by"a third-party adviser.
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