Richard Burr brother-in-law Gerald Fauth dumped stock when Burr did - Business Insider

Gerald Fauth, the brother-in-law of GOP Sen. Richard Burr of North Carolina and a Trump appointee, dumped up to $280,000 in stocks on February 13, the same day Burr unloaded up to $1.72 million in his own shares,Burr is the chairman of the powerful Senate Intelligence Committee, which has access to the federal government's most classified and sensitive information.

Fauth also has a position on the National Mediation Board and was tapped for the post in 2017 by President Donald Trump. The Senator unloaded up to $1.72 million in stocks on February 13, days after reassuring the public that the Trump administration was well prepared to handle the outbreak of the novel coronavirus.

Burr defended his actions the day after ProPublica first reported on the stock sales, 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."

Just a coincidence of course! Nothing to see here move along

Plunged?

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks to buy, best trades for end of Q1 earnings season: Goldman Sachs - Business InsiderGOLDMAN SACHS: Traders are reaping unusually large profits from earnings-related stock trades. Here are 15 picks for the remainder of the season.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Investing strategy, global stock picks from fund manager David Dudding - Business InsiderA fund manager trouncing 90% of his rivals shared with us 5 trades he's making to stay ahead — including a big bet on Disney after it was crushed in the pandemic sell-off
Source: BusinessInsider - 🏆 729. / 51 Read more »

Fintech Accelerators report from Insider Intelligence - Business Insider[NEW REPORT] Fintech Accelerators: insider_intel spoke with key figures within the accelerators of top banks to find out more about how they run their respective programs insider_intel
Source: BusinessInsider - 🏆 729. / 51 Read more »

How IBM is automating IT to help companies maintain business continuity during crises - Business InsiderIBM is rolling out a new suite of AI for IT tools and services that can help CIOs in all industries reduce costs and handle more complex networks.
Source: BusinessInsider - 🏆 729. / 51 Read more »