Sen. Burr's brother-in-law sold off stocks before crash on same day as Burr: report

The same day that Sen. Richard Burr, R-N.C., sold off at least $628,000 worth of stocks before the market crashed, his brother-in-law also dumped a significant amount of shares, according to a new report from ProPublica. The report, citing a public financial disclosure form from Burr's brother-in-law Gerald Fauth -- who serves on the National Mediation Board (NMB) -- reveals that Fauth sold between $97,000 and $280,000 worth of stocks in a total of six transactions on Feb. 13, 2020. Burr's sales that day, soon before the coronavirus panic tanked the market, reportedly led to the Securities and Exchange Commission investigating whether non-public information played a role, but his attorney denies this.-- More...