Investor:  Senator Sold Stock In Violation Of Congressional Insider Trading Law

(March 25, 2020, 1:12 PM EDT) -- WASHINGTON, D.C. — U.S. Sen. Richard M. Burr was hit with a shareholder lawsuit on March 23 in District of Columbia federal court, alleging that he violated a federal statute enacted to curb insider trading by members of Congress who use confidential information received in their roles as congressmen for private profit, as well as federal securities law, when he and his wife sold shares of company stock they owned after receiving nonpublic information regarding the United States’ lack of preparedness to handle the spread of the novel coronavirus (Alan D. Jacobson v. Richard M. Burr, No. 20-799, D. D.C.)....

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