Burr was previously investigated by the Trump administration's Justice Department for offloading $1.6 million from his portfolio in January and February 2020.
WASHINGTON — North Carolina Sen. Richard Burr and his brother-in-law are being investigated by the Securities and Exchange Commission for potential insider trading, a case that stems from their abrupt sales of financial holdings during the early days of the coronavirus pandemic, according to recent federal court filings.
Attorneys for Burr as well as for Gerald Fauth, who is the brother of Burr's wife, did not immediately respond to requests for comment. Burr has previously denied any wrongdoing. That day, after Burr instructed his own broker to sell, he spoke with Fauth in a call that lasted 50 seconds. Burr denied trading on private information, but stepped aside from his position as chairman of the Senate Intelligence Committee after the FBI obtained a search warrant to seize a cellphone.
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