Shortly before the market crashed, Sen. Richard Burr sold off up to $1.7 million in stock. It was one of the lawmaker's only market-beating trades — and a departure from his typically low-volume trading history.
The peculiarity of Burr's stock transactions should be of interest to investigators now looking into Burr's financial transactions and private statements, according to a former insider trading investigator — but the case will depend on whether he was trading on inside information.
On Feb. 27, Burr told a private audience of well-connected constituents that the Coronavirus was"much more aggressive in its transmission than anything that we have seen in recent history... It is probably more akin to the 1918 pandemic."Burr's office did not respond to a request for comment. Conservative talk show host Hugh Hewitt told Tillis this week that he believed Burr should step down as chairman of the Senate Intelligence Committee.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tillis says Burr 'owes everybody' an explanation over controversial stock tradesSen. Thom Tillis says Sen. Richard Burr should come clean about his decision in February to sell more than two dozen stocks on a single day as he was receiving briefings on the coronavirus pandemic
Read more »
Stock market live updates: Dow futures up, bracing for jobless claimsStocks are coming off a major sell-off on Tuesday from dismal earnings and economic data.
Read more »
Thai stock exchange president says new measures have reduced market volatility 'signficantly'The measures were introduced after global markets sold off as investors scrambled for safety from the economic threat of the global coronavirus pandemic.
Read more »
Nancy Pelosi Rips Trump's COVID-19 Misinformation Campaign on 'Corden'Speaker of the House also shows off the impressive stock of ice cream in her freezer
Read more »
Global Stocks and U.S. Futures FallStock benchmarks in the Asia-Pacific region declined, while S&P 500 stock futures traded lower, as mounting evidence of the economic damage caused by the coronavirus pandemic put pressure on markets.
Read more »
Stock futures flat as investors digest signs coronavirus pandemic is easingStocks are coming off a major rally on Tuesday fueled by hopes the coronavirus risk is leveling.
Read more »