Richard Burr

SEC: Richard Burr, Brother-in-Law Used ‘Nonpublic Information’ to Trade Stocks Before Market Dropped

Sen. Richard Burr (R-NC) had “material nonpublic information” revolving around the coronavirus pandemic’s impact when he directed his stockbroker to dump over $1.6 million in stocks a week before the market drastically dropped in March of last year, in addition to telling his brother-in-law who then did the very same, according to federal court filings.

WASHINGTON, DC - SEPTEMBER 30: Sen. Richard Burr (R-NC) gives an opening statement during a Senate Health, Education, Labor, and Pensions Committee hearing to discuss reopening schools during Covid-19 at Capitol Hill on September 30, 2021 in Washington, DC. (Photo by Greg Nash- Pool/Getty Images)

Tillis: Burr Owes Everyone an Explanation

On Wednesday’s “Hugh Hewitt Show,” Sen. Thom Tillis (R-NC) stated that while he’ll see what comes out of the investigation into fellow North Carolina Republican Sen. Richard Burr, Burr owes the country an explanation for his financial conduct. Tillis said,

Sen. Thom Tillis (R-NC) on FNC, 6/4/2019