The Justice Department is reportedly investigating actions by US lawmakers who dumped stocks before the market plunged over coronavirus fears
The Justice Department is investigating the actions of US lawmakers who dumped stocks before the market plunged amid coronavirus fears,According to the report, the investigation is still in its early stages and the DOJ is working with the Securities and Exchange Commission on the matter.
Burr is the chairman of the powerful Senate Intelligence Committee, which has access to the federal government's most classified and sensitive information. According to Reuters, Burr's committee was getting daily briefings on the threat of the coronavirus around the time he dumped his stock. But a source familiar with the matter told CNN his committee did not get a briefing the week he sold his stocks., Burr — along with Republican Sen.
The North Carolina Republican defended his actions the day after ProPublica's report was published, saying in a statement, "I relied solely on public news reports to guide my decision regarding the sale of stocks on February 13. Specifically, I closely followed CNBC's daily health and science reporting out of its Asia bureaus at the time."
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