Senate Intelligence Committee Chairman Richard Burr’s, R-NC, attorney said Monday that the lawmaker will agree to an “inquiry” into his stock sales. Burr sold between $628,000 and $1.7 million on Feb., 13 after participating in a closed-door briefing on the coronavirus on Capitol Hill. The meeting was held before the market turned and it’s raised questions ever since as to whether the transactions were insider trading.
“The law is clear that any American — including a senator — may participate in the stock market based on public information, as Senator Burr did,” his attorney Alice Fisher said in a statement. “When this issue arose, Senator Burr immediately asked the Senate Ethics Committee to conduct a complete review, and he will cooperate with that review, as well as any other appropriate inquiry.”
She added: “Senator Burr welcomes a thorough review of the facts in the matter, which will establish that his actions were appropriate.”
The U.S. Department of Justice has started a probe into the Senator and several of his colleagues, CNN reported Monday.