BBC News - Coronavirus: US Senators face calls to resign over ‘insider trading’
today
Two US Republican Senators are facing calls to resign over allegations they used insider knowledge to sell shares before prices fell due to coronavirus fears.
Richard Burr is chairman of the Senate Intelligence Committee while Kelly Loeffler * sits on the Senate Health Committee.
Richard Burr reportedly dumped up to $1.7m (£1.45m) of stocks last month.
Kelly Loeffler * is reported to have sold holdings worth up to $3m in a series of transactions beginning the same day as a Senate briefing on the virus.
Both Senators have denied any impropriety.
Under US law, it is illegal for members of Congress to trade based on non-public information gathered during their official duties. ...
EDIT
* Kelly Loeffler (R-Ga.) is super-wealthy - her husband is president of The New York Stock Exchange.




