Four senators sold stocks before coronavirus threat crashed market
Economy And Jobs,Banking And Finance,Dianne Feinstein,Richard Burr,Kelly Loeffler,Stock Market,Coronavirus,US Senate,Politics
Four senators sold stocks shortly after a January Senate briefing on the novel coronavirus outbreak, unloading shares that plummeted in value a month later as the stock market crashed in the face of a global pandemic.
According to financial disclosures, Sens. Kelly Loeffler (R-Ga.), Jim Inhofe (R-Okla.), Dianne Feinstein (D-Calif.) and Richard Burr (R-N.C.) each sold hundreds of thousands of dollars in stocks within days of the Senate holding a classified briefing on Jan. 24 with administration officials on the threat of the coronavirus outbreak.
The sales raise questions about whether the senators violated the STOCK Act, a law that bans members of Congress from making financial trades based on nonpublic information.
Loeffler and her husband sold at least $355,000 in stocks between Jan. 24-31, according to Senate records, after the coronavirus briefing hosted by the Senate Health and Foreign Relations committees.
.png.webp)
