SEC Seeks Testimony From Sen. Richard Burr’s Brother-in-Law in Insider-Trading Probe

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The Securities and Exchange Commission is asking a federal judge to require Sen. Richard Burr’s brother-in-law to testify in an enforcement probe that examines possible insider trading by both men

WASHINGTON—.

U.S. District Judge Lewis Liman has scheduled a Friday hearing to consider the SEC’s request for testimony from Gerald Fauth, who is chairman of the National Mediation Board and Mr. Burr’s brother-in-law. The SEC says the order is necessary because Mr. Fauth has “waged a relentless battle to avoid” complying with a SEC subpoena issued in May 2020, according to a court filing.

 

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Sen. Burr under investigation again for pandemic stock salesNorth Carolina Sen. Richard Burr and his brother-in-law are being investigated by the Securities and Exchange Commission for potential insider trading, a case that stems from their abrupt sales of financial holdings during the early days of the coronavirus pandemic, according to recent federal court filings. Burr, a Republican, is among several lawmakers from both parties who faced outrage over their aggressive trading in early 2020, before the economic threat from the virus was widely known. Burr was previously investigated by the Trump administration's Justice Department for offloading $1.6 million from his portfolio in January and February 2020. Hey y'all have the New Channel up and 100% Dedicated to SuicidalVeterans with PTSD, let’s get to the first 100 Subscribers🇺🇸 Watch👇 Nation's Lawmakers should not be allowed to own stocks. Now u see why ppl like this man in Congress is only there for their bottom line. They rail against policy that r supposed to keep new parents afloat till they get back to work. It would be nice if the American voters r given the truth why ppl like this man prefers the gov't job.
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