Former U.S. Senator Burr says SEC has closed probe concerning him without action By Reuters

Rate this post

© Reuters. FILE PHOTO: U.S. Senator Richard Burr (R-NC) questions Dr. Anthony, Fauci, Director of the National Institute of Allergy and Infectious Diseases, during a Health, Education, Labor, and Pensions Committee hearing on the monkeypox outbreak, in Capitol Hill

By Nate Raymond

(Reuters) -Former U.S. Senator Richard Burr said on Friday that the U.S. Securities and Exchange Commission informed him this week it has concluded investigation concerning him with no action.

U.S. authorities investigated Burr, a North Carolina lawmaker who did not seek reelection last year, for his stock trades before the downturn caused by the coronavirus pandemic.

Watchdog groups and other politicians slammed Burr and some other lawmakers amid reports they were buying and selling stocks after private briefings on the risks of the coronavirus crisis. Burr denied any wrongdoing and said he relied solely on news reports to make decisions on his stock transactions.

He said in January 2021 the Justice Department had closed a related probe.

“I am glad to have this matter in the rearview mirror as I begin my retirement from the Senate following nearly three decades of public service,” he said in Friday’s statement.

The SEC did not respond immediately to request for comment.

Authore – Abhi bhardwaj

Hello friends, my Abhi Bhardwaj I am the owner of and I am also a student. recently I just completed my graduation I am doing blogging since 2020 I love to write and always love exploring, and sharing knowledge with others that is why I started this blog basically this blog is related to us stock market, real estate, insurance, crypto, finance and tax if you have any qouri then please don't be shy

Sharing Is Caring:

Leave a Comment