Senators under fire over virus ‘insider trading’

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Coronavirus: US Senators face calls to resign over ‘insider trading’

As chairman of the Senate Intelligence Committee, Mr Burr receives nearly daily briefings on threats to US national security.

Among those calling for his resignation and investigation are Fox News host Tucker Carlson, usually a supporter of Republicans. On Friday, Mr Burr again responded, tweeting that his decision to sell stock was made"solely based on public news reports". He specifically cited the Asia coverage provided by the CNBC network.

That's why the stories of senators selling stock portfolios in anticipation of a market drop are so toxic. It's a controversy that cuts across normally impervious partisan lines and has even conservatives and those"close to the president" sharply criticising the Republicans, like North Carolina Senator Burr, at the centre of the fury.

At least $100,000 of stock in a teleworking software company, Citrix, was also reportedly bought in Mrs Loeffler's name. The shares have risen during the pandemic.In a statement, she said decisions about her investments were made by “multiple third party advisors without [her or her husband’s] knowledge or consent”.Mrs Loeffler is married to the chairman of the New York Stock Exchange and is thought to be the wealthiest member of Congress, with an estimated fortune of $500m.

Top California Democrat Ms Feinstein and her husband meanwhile reportedly sold stock worth between $1.5m and $6m in a biotech company between the end of January and mid-February.

Source: News Formal (newsformal.com)

 

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Just coincidence, surely?

Thought insider-trading was illegal? They should be arrested, not made to resign.

Trump says they are all honourable people.

If true there is no option. Have to be stripped of assets and jailed POTUS

TrumpLiedAmericansDied

US claim they didn't received updates on coronavirus but obviously these Senators knew when to leave the market. Smart

define insider trading?

Way go USA...

Freedom!!!!!!

Don't ask what the world needs. Ask what makes you come alive, and go do it. Because what the world needs is people who have come alive. Dr.W.Ian Lipkin message to those afraid of Coronavirus.

谁告诉他们疫情严重的?

Both should end up in jail for this

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