SEC Ends Insider Trading Probe Into Ex-GOP Senator

The Wall Street Journal reports:

The Securities and Exchange Commission is no longer investigating trading by former Sen. Richard Burr, whose stock sales in February 2020 raised concerns he misused information he received as a lawmaker about the coronavirus pandemic’s potential economic impact.

The SEC this week told Mr. Burr, a North Carolina Republican who retired from the Senate at the start of the year, that it closed the investigation and wouldn’t take enforcement action against him, according to a statement released by Latham & Watkins LLP, the law firm that represented him.

“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,” Mr. Burr said. An SEC spokesman didn’t immediately respond to a request seeking comment.

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The SEC is no longer investigating trading by former Sen. Richard Burr, whose stock sales raised concerns he had misused information he received as a lawmaker about the coronavirus pandemic’s potential economic impact https://t.co/JPxgicBkxn

— WSJ Politics (@WSJPolitics) January 6, 2023