Retired Sen. Richard Burr (R-N.C.) announced on Friday that the Securities and Exchange Commission (SEC) has closed a 2 1/2-year investigation of his stock trading activities without taking action against him.
“This week, the SEC informed me that they have concluded their investigation with no action. I am glad to have this matter in the rearview mirror as I begin my retirement from the Senate following nearly three decades of public service,” said Burr, who retired earlier this week after serving three terms in the Senate.
The SEC had been investigating Burr’s sale of $1.65 million worth of stock at the first outbreak of the COVID-19 pandemic in February 2020. The sale included a large share of hospitality industry stocks, which took a hit when worldwide travel and tourism ground to a halt a few weeks later.
Source: SEC closes probe into Burr stock trading without taking action | The Hill
