What stocks Senators are buying?
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 Feinstein say that they didn’t personally sell those stocks. Their financial managers sold those stocks; the senators themselves deny knowing anything about it.
What stocks are politicians buying?
Mar 20, 2020 · Both Burr and Loeffler are adamant they did not engage in insider trading, the buying or selling of stocks based on private or classified inside information. And two other senators — Dianne...
Why members of Congress should not trade stocks?
Mar 20, 2020 · Richard Burr. American politician. Washington (AFP) - An independent watchdog demanded an investigation Friday after two Republican senators aware of the looming coronavirus disaster dumped their...
Which Congress members sold stock?
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 DuPont, a company that makes personal protective equipment, on …
How much did Loeffler sell in stock?
Loeffler and her husband, who is the chairman of the New York Stock Exchange, sold at least $355,000 in stocks from Jan. 24-31, according to Senate records, after the coronavirus briefing hosted by the Senate Health and Foreign Relations committees.
When will Burr retire?
27 luncheon in Washington, D.C. Burr is scheduled to retire in early 2023 after his term ends, though he is under increasing pressure to resign now.
How much stock did Inhofe sell?
Inhofe sold at least $180,000 in stocks on Jan. 27, days after the Senate’s coronavirus briefing, according to Senate records. Inhofe also sold at least $50,000 in stock in an asset management company on Feb. 20, four days before the stock market crashed. Inhofe said in a statement Friday that he did not attend the Senate coronavirus briefing on ...
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.
Who is Kelly Loeffler?
Kelly Loeffler. American businesswoman and politician. Dianne Feinstein. United States Senator from California. Richard Burr. American politician. Explore the topics mentioned in this article. Sens. Richard Burr (R-N.C.) and Kelly Loeffler (R-Ga.) aren't the only senators who sold large stock holdings in late January through mid-February, ...
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 is Loeffler married to?
Loeffler – who was appointed to her seat in December after Senator Johnny Isakson announced that he was resigning because of health problems – is married to the chairman of the New York Stock Exchange, Jeffrey Sprecher.
What is the Capitol building?
US Capitol building, home of the US Congress. 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 ...
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.
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 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.
Who is the attorney general of Montana?
I'm sickened just thinking about it.". On April 10, Montana Attorney General Tim Fox accused Representative Greg Gianforte, the wealthiest member of the House of Representatives, of insider trading by investing into the manufacturer of hydroxychloroquine.
