SEC Ends Insider Trading Probe of Former Sen. Richard Burr With No Action
The U.S. Securities and Exchanges Commission (SEC) has ended its more than two-year probe of stock trades made by then-Sen. Richard Burr (R-N.C.) while in office in 2020, taking no action against the now-retired lawmaker.
Burr announced the closure of the probe on Jan. 6 in a statement he shared with CNN.
“This week, the SEC informed me that they have concluded their investigation with no action,” Burr’s statement reads. “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.”
In March 2020, Burr and his brother-in-law Gerald Fauth came under scrutiny for the timing of stock trades he made in the early days of the COVID-19 pandemic….