Securities and Exchange Commission

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)

Gary Gensler Signals Support for New Climate, Diversity, and Political Spending Disclosure Rules

President Joe Biden’s nominee to head the Securities and Exchange Commission indicated Tuesday that he would likely support new rules to force corporations to disclose their political spending activities, disclosure workforce diversity, and tighten disclosures around climate change, policies that would make businesses more susceptible to political pressure from the left.

SEC Nominee Gary Gensler

Supreme Court Rules that SEC Judges are Unconstitutional

The Supreme Court ruled 7-2 that administrative law judges at federal agencies are “officers of the United States” who must be appointed by department heads, and that the judges at the SEC violate the Constitution’s Appointments Clause because those ALJs are appointed by staff employees.

The Associated Press

Trinity Church Asking Supreme Court to Intervene on Walmart Gun Sales

On April 14 Breitbart News reported that Walmart won an appeal against NYC’s Trinity Church in which Trinity was trying to force Walmart to allow a shareholder vote on the sales of “high capacity guns” and “other potentially offensive products” as a way to force Wal-Mart’s board to rethink the sales of these items.

walmart-guns-ap