Sen. 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
Senate Intelligence Chairman Richard Burr owes the country an explanation over his controversial stock trades, his North Carolina counterpart said on Wednesday.
Senate financial disclosures showed that Burr sold between $628,000 and $1.7 million worth of shares on February 13, just days before the financial markets went into a tailspin caused by a large-scale shutdown of the U.S. economy in reaction to the spread of the virus. The transactions were first reported byBurr asked the Senate Ethics Committee to investigate the matter after the stock sell-off first became public, and the Justice Department is reportedly looking into the issue.
It’s not just Burr who has come under fire for his stock transactions. Sen. Kelly Loeffler is reported to have sold several high-value stocks and later bought shares of companies whose products have seen a sharp increase in demand because of the economic effects of the coronavirus.
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