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Anonymous ID: 77b063 May 13, 2020, 8:07 p.m. No.9164300   🗄️.is đź”—kun   >>4339

>>9164193

Strange they only have him hope moar come.

 

https://www.forbes.com/sites/jackkelly/2020/03/20/senators-accused-of-insider-trading-dumping-stocks-after-coronavirus-briefings/#55749cc34a45

 

Senators Accused Of Insider Trading, Dumping Stocks After Coronavirus Briefing

Jack Kelly

Jack KellySenior Contributor

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Sen. Richard Burr (R-NC) (Photo by Chip Somodevilla/Getty Images) GETTY IMAGES

Our elected officials in Congress are supposed to look out for our best interests. In a shocking revelation, it's been reported that a number of senators sold their stock holdings after being briefed about the coronavirus and the massive impact it will have upon the economy, jobs and the stock market. While telling the American public that there wasn’t much to worry about, they bailed out of their stock holdings to avoid large losses.

 

In a bizzare quirk, we’ve permitted our politicians to do things that we can’t. Prior to 2012, Congress members were not prohibited from insider trading. Senator Richard Burr from North Carolina was a fierce opponent of a bill that ultimately banned this practice. In an interview at the time, Burr said about the potential new law, “It’s ludicrous.” He voted against the Stop Trading on Congressional Knowledge (STOCK) Act and said, “I mean, it’s insane.”

 

The STOCK Act passed into law in 2012. It states that members of Congress, other government employees, congressional staffers, members of the executive branch and judiciary are not permitted to engage in insider trading gleaned from information ascertained through their jobs.

 

Burr’s vehement opposition to the STOCK Act is now coming back to haunt him. Burr, the chairman of the Senate Intelligence Committee, sold 33 stocks held by both him and his spouse. The value of the sales is estimated at between $628,033 and $1.72 million. Some of the stocks were in sectors hit hard by the outbreak.

Anonymous ID: 77b063 May 13, 2020, 8:11 p.m. No.9164357   🗄️.is đź”—kun

>>9164193

 

Found the one that mentioned Feistien apparently wasn’t as bad.

 

Read Earlier Reporting

 

Senator Dumped Up to $1.7 Million of Stock After Reassuring Public About Coronavirus Preparedness

Intelligence Chair Richard Burr’s selloff came around the time he was receiving daily briefings on the health threat.

Reports of sales by other senators surfaced as well. But those sales were less anomalous or noteworthy. Sen. Ron Johnson, a Wisconsin Republican, reported selling shares in a private firm he ran, Pacur LLC, worth between $5 million and $25 million. That transaction took place on March 2. The deal had apparently been in the works for some time and had been announced on Feb. 11.

 

In another case generating headlines, filings also show large sales reported by Sen. Dianne Feinstein, the California Democrat who serves on the Intelligence Committee alongside Burr. But they only involved one stock. Feinstein’s husband, Richard Blum, sold off shares in Allogene Therapeutics Inc. worth between $1.5 million and $6 million on Jan. 31 and Feb. 18. Blum is a frequent stock trader, according to Feinstein’s financial disclosures, and appears to have taken a loss on at least a portion of the shares he sold.

 

https://www.propublica.org/article/senator-richard-burr-ethics-investigation-stock-trading-coronavirus