DOJ Inquires Into Lawmakers’ Stock Trading Prior to Coronavirus Downturn

The Department of Justice is looking into several lawmakers stock trades just prior to the coronavirus downturn. Those being investigated include Senator Richard Burr. The North Carolina republican and head of the Senate Intelligence Committee, reportedly sold off $628,000 and $1.7 million in stocks on February 13th, exactly a week before the historic global stock market crash. Burr’s lawyers have said they “welcome a thorough review of the facts in this matter, which will establish that Burr’s actions were appropriate.” The senator claims he solely relied on public news reports which is what he based his decision off of. The DOJ inquiry is still in its early stages and there is presently no indication Burr has broken any laws or senate rules. But it’s believed he may be one of several political figures who may have sought to profit from private information received in closed-door meetings just prior to the pandemic.