Insider Trading and Senator Richard Burr

Senator Richard Burr, R-N.C., the chairman of the Senate Intelligence Committee, dumped around $1.7 million in stock on February 13th. A few Senators conducted similar selloffs. These senators profited by avoiding a mass market downturn in March resulting from the coronavirus outbreak in the United States.

Given Burr’s position as head of the Senate Intelligence Committee, Burr was receiving daily briefings on the COVID-19 coronavirus all while telling the public the virus posed little threat to markets and the country. Despite Burr’s double-face, Burr’s…