What stocks Senators are buying?
· 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 …
What stocks are politicians buying?
· Politics Mar 20, 2020 8:13 AM EDT WASHINGTON (AP) — Senate Intelligence Committee Chairman Richard Burr, R-N.C., sold as much as $1.7 million in stocks just before …
Why members of Congress should not trade stocks?
Senator David Perdue made a series of 112 transactions with stocks sold for around $825,000 and bought stocks worth $1.8 million. Perdue started buying around $185,000 in stock in …
Which Congress members sold stock?
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 much did Richard Burr sell in stocks?
WASHINGTON (AP) — Senate Intelligence Committee Chairman Richard Burr, R-N.C., sold as much as $1.7 million in stocks just before the market dropped in February amid fears about the coronavirus epidemic. Senate records show that Burr and his wife sold between roughly $600,000 and $1.7 million in more than 30 separate transactions in late January ...
How much did Burr's wife sell?
Senate records show that Burr and his wife sold between roughly $600,000 and $1.7 million in more than 30 separate transactions in late January and mid-February, just before the market began to fall and as government health officials began to issue stark warnings about the effects of the virus. Several of the stocks were in companies ...
When did Burr give his speech?
Most of them came on Feb. 13, just before Burr made a speech in Washington, D.C., in which he predicted severe consequences from the virus, including closed schools and cutbacks in company travel, according to audio obtained by National Public Radio and released Thursday.
Did Burr tweet before stock sales?
Burr sent out the tweets before reports of his stock sales. A spokesperson for the senator said in a statement that Burr “has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy” and supports congressional efforts to help the economy.
Did Burr sell stocks?
There is no indication that Burr had any inside information as he sold the stocks and issued the private warnings. The intelligence panel did not have any briefings on the pandemic the week when most of the stocks were sold, according to a person familiar with the matter. The person declined to be identified to discuss confidential committee activity.
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 Feinstein sell in California?
Feinstein, who serves as ranking member of the Senate Judiciary Committee, and her husband sold between $1.5 million and $6 million in stock in California biotech company Allogene Therapeutics, between Jan. 31 and Feb. 18, The New York Times reported. ...
How much did Burr dump?
Burr, chairman of the Senate Intelligence Committee, used more than 30 transactions to dump between $628,000 and $1.72 million on Feb. 13, according to ProPublica.
What did Loeffler say about the Daily Beast?
Loeffler slammed the Daily Beast report as a "ridiculous and baseless attack" in a pair of late-night tweets.
Who appointed Loeffler to the Senate?
Loeffler was appointed to the Senate in December by Georgia Gov. Brian Kemp after incumbent Sen. Johnny Isakson resigned because of health issues – despite allies of President Trump having urged Kemp to select Rep. Doug Collins instead.
Was Feinstein involved in the sale of the sandbox?
When questioned by the newspaper, a spokesman for the Democrat from San Francisco also said Feinstein wasn’t directly involved in the sale.
Did Inhofe have involvement in investment decisions?
But in a written statement, Inhofe pushed back by saying he was not at a late January briefing and, further, does not have involvement in investment choices.
Does Feinstein have control over her assets?
Feinstein defended herself in a series of tweets on Friday, saying she has "no control" over her assets and the stocks in question were her husband's transactions.
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.
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.
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.
