Posted on 03/29/2020 8:50:02 PM PDT by Kevin in California
Federal law enforcement officials are reportedly investigating a series of stock market transactions that were made by U.S. lawmakers prior to the stock market tanking as a result of the coronavirus rapidly spreading throughout the U.S.
“The inquiry, which is still in its early stages and being done in coordination with the Securities and Exchange Commission, has so far included outreach from the FBI to at least one lawmaker, Sen. Richard Burr, seeking information about the trades, according to one of the sources,” CNN reported. “Public scrutiny of the lawmakers’ market activity has centered on whether members of Congress sought to profit from the information they obtained in non-public briefings about the virus epidemic.”
CNN added that there is “no indication that any of the sales, including Burr’s, broke any laws or ran afoul of Senate rules.”
Other senators who have come under scrutiny include Sens. Kelly Loeffler (R-GA), Dianne Feinstein (D-CA), and Jim Inhofe (R-OK).
“Congress passed the Stock Act in 2012, which made it illegal for lawmakers to use inside information for financial benefit,” CNN added. “Under insider trading laws, prosecutors would need to prove the lawmakers traded based on material non-public information they received in violation of a duty to keep it confidential.”
I follow a blog of a family that lives on a boat travelling North and Central America. The husband trades for a living and runs an online trading class in the mornings.
He saw it coming and the entire class liquidated their investments and were 100% cash on Feb. 24.
p
Ever think this was a sting to get Feinstein based on her (husband) China connection? Loeffler’s husband is Pres of NYSE...she would know better. Not sure how Burr is involved...maybe he’s dirty too, maybe he’s part of the sting.
Nothing will happen to congress ever. We’ll all foot the bill into perpetuity while we sit quarantined in our houses in the shadow of what was once a mighty country full of principled fighters.
Because that's what the headlines were meant to do...DUmmies cannot win on their own merit, so they push their propaganda wing to generate an advantage.
Anyone wanna bet a lunch nothing happens to Diane Frankenstein***
They write the laws. If they write a law that they can kick you out of your home and give it to their uncle then that is legal... One reason we call them carpetbaggers!
Burr is the wurst.
I thought they were supposed to be blind’ to it. I forget the term.
Investigate their spouses and other relatives too, like Pelosi’s husband.
Probably needs to be a law to identify ‘all’ stock owned by politicians and anytime a sale occurs....it must be published on a fed site within 24 hours. That would alert all of us...to practice the same behavior. You would buy like them....and sell like them.
Oh, get right on top of that if there’s GOP involved.
Meanwhile, scum like Lois Lerner get amazing pension checks that will never stop.
Democrats:-Not Guilty aand clean and pure and innocent. How dare you even accuse them. Don't you know they have to get back to the work of the American people? Cue the Star Spangled Banner and Fireworks...
They are all above the law, and they know it. They are the law.
I heard that one of our public servants sold $1.75 Mil in stock just before the market collapse. We all have a spare $1.75 Mil, don't we? (Probably in addition to three houses.)
ML/NJ
Can’t have a whitewash without an investigation.
Investigations sure do start fast when Republicans are involved.
However, in all stories since then, I only have seen Republicans mentioned or named.
No bias there! I say kick them all out and charge them!
They should look at Mark Warner as well because Burr won’t take a dump without Warner’s permission.
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