What stocks Senators are buying?
Mar 20, 2020 · Dianne Feinstein. United States Senator from California. Richard Burr. American politician. Sens. Richard Burr (R-N.C.) and Kelly Loeffler (R-Ga.) aren't the only senators who …
What stocks are politicians buying?
Mar 20, 2020 · Three Republicans, Senate Intelligence Committee chairman Richard Burr of North Carolina, Georgia Sen. Kelly Loeffler, and Oklahoma Sen. Jim Inhofe reportedly sold large …
Why members of Congress should not trade stocks?
Mar 20, 2020 · Dianne Feinstein (D-CA) sold between $1.5 million and $6 million in a biotechnology company’s stock in late January and early February. Loeffler, Inhofe, and …
Which Congress members sold stock?
Mar 20, 2020 · FOUR senators accused of dumping millions of dollars in stocks after being given classified briefings on coronavirus were hailed as "honorable" by President Trump. Three …
How much did Dianne Feinstein sell?
Sen. Dianne Feinstein (D-Calif.), a member of the Intelligence Committee, and her husband sold $1.5 million to $6 million worth of shares in San Francisco biotech firm Allogene Therapeutics between Jan. 31 and Feb. 18, The New York Times reports, citing financial disclosure forms. Sen.
Is the President's finances secret?
The president and his families finances are largely secret. His friends at Mar-a-lago's trades are secret. If you think none of them are in on the graft I have a Trump steak to sell you.
Did Feinstein sell shares of Exxon?
Feinstein, like Loeffler, said she had no role in selling the stock. "All of Sen. Feinstein's assets are in a blind trust," spokesman Tom Mentzer said in a statement. "She has no involvement in her husband's financial decisions." It isn't clear how Allogene would be tied to the coronavirus outbreak. Loeffler not only sold shares of Exxon Mobil, Ross Stores, AutoZone, and other companies whose value subsequently dropped, on average, 30 percent, according to The Daily Beast. She also purchased stock in two tech companies, one of which specializes in teleworking software. Burr's up to $1.7 million in sales, recorded Feb. 13, liquidated a significant portion of his portfolio, including shares in hotel companies.
How many senators were accused of dumping millions of dollars in stocks?
FOUR senators accused of dumping millions of dollars in stocks after being given classified briefings on coronavirus were hailed as "honorable" by President Trump.
Who is the Democratic Senator who is accused of selling stock holdings before the market crash?
Democratic Senator Dianne Feinstein, who serves alongside Burr on the Intelligence Committee, is also accused of selling stock holdings before the market crash, mainly in a biotech firm.
What did Loeffler say after the meeting?
Loeffler tweeted shortly after the meeting: “Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak."
What did Burr say about the lunch goers?
According to ProPublica, Burr told the lunch goers that business may need to halt employee travel, close schools, and mobilize the military if hospitals become overcrowded.
How much stock did James Inhofe sell?
James Inhofe sold up to $400,000 in stock including real estate following the meeting, according to the report in the New York Times. He has yet to comment on the claims.
How much did Kelly Loeffler make with her husband?
Sen. Kelly Loeffler, whose husband is head of the New York Stock Exchange, made 29 transactions worth between $1.27 million and $3.1 million with her husband ahead of the crash, according to the Daily Beast.
What was the third worst stock market drop in history?
On March 16, the stock market experienced the third worst percentage drop in market history, falling behind only the 1929 crash that triggered The Great Depression.
Who were the senators accused of dumping millions of dollars in stocks?
Three Republicans, Senate Intelligence Committee chairman Richard Burr of North Carolina, Georgia Sen. Kelly Loeffler, and Oklahoma Sen.
How much did James Inhofe sell?
James Inhofe sold up to $400,000 in stock including real estate following the meeting, according to the report in the New York Times. He has yet to comment on the claims. 8. Wisconsin Senator Ron Johnson's allegedly sold off stocks of between $5 million and $25 million Credit: Reuters.
Why did the US senators sell stock?
Four U.S. senators sold stock after receiving sensitive briefings in late January about the emerging threat of the coronavirus, sparking concerns that they put safeguarding their private finances before their duty to protect public health.
Who sold stock after the briefings?
Two other members of the Intelligence Committee, Senator Dianne Feinstein, a Democrat from California , and Senator James Inhofe, an Ok lahoma Republican, also sold stock after the briefings, according to financial records.
What did Loeffler say about her stock sales?
Loeffler responded on Twitter by calling criticism of her stock sales “a ridiculous and baseless attack.” The tweet said “I do not make investment decisions for my portfolio. Investment decisions are made by multiple third-party advisors without my or my husband’s knowledge or involvement.”
How much did Feinstein sell?
Feinstein made transactions on Jan. 31 and Feb. 18, selling between $1.5 million and $6 million worth of shares in Allogene Therapeutics, a biotech company. Inhofe sold $400,000 worth of stock on Jan. 27, including PayPal and the real estate company Brookfield Asset Management.
Did Burr know how bad it would be?
Burr knew how bad it would be. He told the truth to his wealthy donors, while assuring the public that we were fine.
How much did Senator Burr sell?
The Times adds that records show that Senator Burr and his wife sold a staggering $628,000 to $1.7 million along with “as much as $150,000 worth of stock in two hotel chains, Wyndham Hotels and Resorts and Extended Stay America.”
How much did Diane Feinstein sell?
The New York Times reports that Democratic Senator Diane Feinstein and her husband sold “between $1.5 million to $6 million worth of stock in Allogene Therapeutics, a California-based biotech company, in transactions that took place on Jan. 31 and Feb. 18.”
Who is Senator Loeffler's husband?
Senator Loeffler and her husband, Jeffrey Sprecher who just so happens to be chairman of the New York Stock Exchange, similarly sold off most of her stocks stocks right before the crash. Loeffler “reported the first sale of stock jointly owned by her and her husband on Jan. 24, the very day that her committee, the Senate Health Committee, hosted a private, all-senators briefing from administration officials, including the CDC director and Anthony Fauci, the head of the National Institute of Allergy and Infectious Diseases, on the coronavirus,” The Daily Beast reported.
Who was the most prominent senator implicated in the scandal?
Senator Richard Burr , the most prominent Senator implicated in the scandal. He temporarily stepped down as Chairman of the Intelligence Committee during the investigation. Tucker Carlson called for Burr to resign from the Senate and be prosecuted for insider trading on a segment of Tucker Carlson Tonight.
Who passed the stock act?
The bill was passed by the Senate with only Senators Richard Burr , Jeff Bingaman , and Tom Coburn voting against it.
What is the 2020 insider trading scandal?
The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of COVID-19 pandemic in ...
How many transactions did Kelly Loeffler make?
Following the meeting Senator Kelly Loeffler and her husband Jeffrey Sprecher, the chairman of the New York Stock Exchange, made twenty-seven transactions to sell stock worth between $1,275,000 and $3,100,000 and two transactions to buy stock in Citrix Systems which saw an increase following the correction.
What happened to the stock market in 2020?
The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting. The Department of Justice initiated a probe into the stock transactions on March 30, 2020. No charges were brought against anyone and all investigations into the matter are closed.
Why did the FBI seized Burr's phone?
On May 13, the FBI seized Burr's phone, to investigate his communications with his stock broker, among other warrants, including one to search his personal iCloud account. On May 14, Burr told Senate Majority Leader Mitch McConnell that he would temporarily step down as chairman of the Senate Intelligence Committee for the remainder of the investigation.
When did Burr request the Senate Ethics Committee to investigate his stock trading history?
On March 20 , Burr requested for the Senate Ethics Committee to investigate his stock trading history and stated that he only used publicly available information to make his decisions. On March 30, the Department of Justice initiated a probe into the stock transactions with the Securities and Exchange Commission.
