Sens. Richard Burr, Kelly Loeffler sold millions in stock...

[Tennesseer]

Any other senators who sold their stocks after they attended the private all-senator meeting of health officials and hosted by the senate health committee please step forward.

Sens. Richard Burr, Kelly Loeffler sold millions in stock before coronavirus crippled markets, reports find

Two Republican lawmakers are under intense scrutiny as reports show Sens. Richard Burr and Kelly Loeffler sold millions in stock before the coronavirus outbreak sent the markets in freefall.

Both senators attended briefings on the growing coronavirus outbreak for weeks leading up the national emergency that was declared by President Trump days ago. Burr and Loeffler are each members of the Senate Health Committee, while Burr also serves as chairman of the Senate Intelligence Committee.

ProPublica alleged Burr "sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions" in filings listed in the U.S. Senate Financial Disclosures website as he was regularly being briefed on the rising threat of the virus.

Complete article here: Sens. Richard Burr, Kelly Loeffler sold millions in stock before coronavirus crippled markets, reports find

[Cheesy FL-Vol]

Mar 20, 2020 6:36:32 GMT -5 Tennesseer said:

Any other senators who sold their stocks after they attended the private all-senator meeting of health officials and hosted by the senate health committee please step forward.

Sens. Richard Burr, Kelly Loeffler sold millions in stock before coronavirus crippled markets, reports find

Two Republican lawmakers are under intense scrutiny as reports show Sens. Richard Burr and Kelly Loeffler sold millions in stock before the coronavirus outbreak sent the markets in freefall.

Both senators attended briefings on the growing coronavirus outbreak for weeks leading up the national emergency that was declared by President Trump days ago. Burr and Loeffler are each members of the Senate Health Committee, while Burr also serves as chairman of the Senate Intelligence Committee.

ProPublica alleged Burr "sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions" in filings listed in the U.S. Senate Financial Disclosures website as he was regularly being briefed on the rising threat of the virus.

Complete article here: Sens. Richard Burr, Kelly Loeffler sold millions in stock before coronavirus crippled markets, reports find

Add Feinstein & Inhofe to the list:


www.msn.com/en-us/news/politics/dianne-feinstein-3-senate-colleagues-sold-off-stocks-before-coronavirus-crash-reports/ar-BB11rIYo

[Gardening Grandma]

Burr also warned a few of his wealthy constituents about what was coming even while he was echoing the party line that all was fine

[Deleted]

When this shit is over, they should all be in prison.

[djAdvocate]

why? I don't believe it is illegal for them to do so.

correct me if I am wrong.

edit: should we make it illegal? of course we should.

[Gardening Grandma]

Another example of Fox “news” misleading.  
Headline “Feinstein and three Senate colleagues sell off stock before corona virus crash”

Buried down in the story 
Reports identified the three other senators as Richard Burr of North Carolina, Kelly Loeffler of Georgia and James Inhofe of Oklahoma, all Republicans.
www.foxnews.com/politics/dianne-feinstein-3-senate-colleagues-sold-off-stocks-before-coronavirus-crash-reports

[Tennesseer]

Mar 20, 2020 12:04:26 GMT -5 djAdvocate said:

why? I don't believe it is illegal for them to do so.

correct me if I am wrong.

edit: should we make it illegal? of course we should.

STOCK Act

The Stop Trading on Congressional Knowledge (STOCK) Act (Pub.L. 112–105, S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The bill prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. It confirms changes to the Commodity Exchange Act, specifies reporting intervals for financial transactions.

The bill was introduced by Tim Walz, Democrat United States House of Representatives from Minnesota, on March 17, 2011. The bill languished for years until CBS’s 60 minutes ran an expose on insider trading on November 12, 2011. In February, 2012 the bill passed in the Senate by a 96–3 vote.[2] Later the House of Representatives passed it by a 417–2 vote.[3] The bill was supported heavily by vulnerable incumbents and signed into law by President Obama.[4] According to the current United States Senate Select Committee on Ethics, "A member, officer, or employee of the Senate shall not receive any compensation, nor shall he permit any compensation to accrue to his beneficial interest from any source, the receipt or accrual of which would occur by virtue of influence improperly exerted from his position as a member, officer, or employee."[5]

STOCK Act

[djAdvocate]

never heard of it. thanks T.

PS- I watched that 60 minutes segment. was that really 9 years ago? wtf?

[Tennesseer]

Mar 20, 2020 12:51:19 GMT -5 djAdvocate said:

never heard of it. thanks T.

PS- I watched that 60 minutes segment. was that really 9 years ago? wtf?

Time flies like a Concorde jet once we get older. Took me forever to turn from eight to nine-years-old. Now each birthday seems like I celebrated the last birthday a month ago.

[kadee79]

Feinstein is good...it's the others that are or should be in deep s**t....

California Democratic Sen. Dianne Feinstein took to Twitter on Friday to deny she did anything improper when she sold between $1.5 million and $6 million in a biotechnology company’s stock before the market crashed due to the coronavirus outbreak.

The New York Times reported that Feinstein and three other senators sold large amounts of stock in late January and early February, as federal officials publicly downplayed the threat of the virus. The sales came shortly after Trump administration officials provided classified briefings to senators on the threat from the virus, the Times and other media outlets reported.

“During my Senate career I’ve held all assets in a blind trust of which I have no control,” Feinstein tweeted. “Reports that I sold any assets are incorrect.”

Feinstein and her husband, investment banker Richard Blum, sold shares in Allogene Therapeutics, a biotechnology company, according to her financial disclosures. They sold shares on Jan. 13 and Feb. 18. The stock subsequently rose in value, peaking in early March.

Feinstein said her husband sold shares in a cancer therapy company that “is unrelated to any work on the coronavirus and the sale was unrelated to the situation.”

www.sfchronicle.com/politics/article/Feinstein-denies-wrongdoing-in-stock-sale-before-15145862.php

[Tennesseer]

Satire from The Borowitz Report


Richard Burr Demands Assurance That Senators Working from Home Will Still Get Stock Tips
By Andy Borowitz

WASHINGTON (The Borowitz Report)—Amid speculation that United States senators might soon be working remotely, Senator Richard Burr on Friday demanded guarantees that senators working from home will still have access to insider-trading tips.

Speaking from the well of the Senate, an impassioned Burr, a Republican from North Carolina, said that a “system needs to be put in place—not tomorrow, not next week, but today—to insure that senators receive the insider-trading information that is both our lifeblood and our birthright.”

Burr blasted the Obama Administration for not establishing contingency plans to safeguard the steady flow of stock tips to U.S. senators in the event of a pandemic, nuclear war, or asteroid strike.

“The fact that we will soon be isolated in our homes, forced to seek out stock tips through e-mails, text messages, and what have you is, to put it mildly, unconscionable,” Burr, his voice quavering with anger, told his colleagues.

The North Carolina lawmaker urged the Senate to appropriate one and a half billion dollars immediately to fund the construction of a secure portal to provide real-time insider stock tips.

Rest of article here:  Richard Burr Demands Assurance That Senators Working from Home Will Still Get Stock Tips

[kadee79]

This is not the first time for Burr either...did something similar back in 2008.

[mroped]

I seen a headline with Burr asking “since when it is illegal to do that?” 
didn’t have the stomach to read it!

[chiver78]

FBI seizes Sen. Richard Burr's cellphone in probe over stock sales

[Cheesy FL-Vol]

I no longer have faith that people in power will be held responsible for what they have/may have done wrong.

[djAdvocate]

May 14, 2020 10:18:29 GMT -5 Cheesy FL-Vol said:

I no longer have faith that people white dudes in power will be held responsible for what they have/may have done wrong.

there. fixed.

[swamp]

www.cnn.com/2020/05/14/politics/richard-burr-steps-down-intel-chairman/index.html

[happyhoix]

Mar 20, 2020 13:56:16 GMT -5 kadee79 said:

Feinstein is good...it's the others that are or should be in deep s**t....

California Democratic Sen. Dianne Feinstein took to Twitter on Friday to deny she did anything improper when she sold between $1.5 million and $6 million in a biotechnology company’s stock before the market crashed due to the coronavirus outbreak.

The New York Times reported that Feinstein and three other senators sold large amounts of stock in late January and early February, as federal officials publicly downplayed the threat of the virus. The sales came shortly after Trump administration officials provided classified briefings to senators on the threat from the virus, the Times and other media outlets reported.

“During my Senate career I’ve held all assets in a blind trust of which I have no control,” Feinstein tweeted. “Reports that I sold any assets are incorrect.”

Feinstein and her husband, investment banker Richard Blum, sold shares in Allogene Therapeutics, a biotechnology company, according to her financial disclosures. They sold shares on Jan. 13 and Feb. 18. The stock subsequently rose in value, peaking in early March.

Feinstein said her husband sold shares in a cancer therapy company that “is unrelated to any work on the coronavirus and the sale was unrelated to the situation.”

www.sfchronicle.com/politics/article/Feinstein-denies-wrongdoing-in-stock-sale-before-15145862.php

I heard on the news that the other senators had their money in blind trusts, so they didn't directly manage their portfolio Burr, on the other hand did. Plus his BIL also had the great good luck to a bunch of stocks at the exact same time. 

[kadee79]

My step-mother's maiden name was Burr....she was a royal bitch and last I heard, she had just buried her 3rd husband.   I'm sure she is long gone by now too.  Her sister tried to join the DAR & she was turned down due to their relationship to Aaron Burr.

[kadee79]

Steff or any other Ga. residents...have any of you seen numbers on Loeffler?  I saw something the other day that said she only had 3% of the voters.  Not sure I was seeing/hearing correctly....just sure hoping so!