DOJ Drops Insider Trading Probes of 3 Senators While Burr Investigation Continues

The Department of Justice closed the investigations of insider trading against Senators Dianne Feinstein, Kelly Loeffler, and James Inhofe, while the probe into North Carolina Republican Senator Richard Burr remains open.

All four senators came under scrutiny after stock sales in late January and early February. Stocks worth hundreds of thousands of dollars were sold before the market crash on fears of a pandemic. Senators received briefings on the virus before the transactions occurred, raising questions about whether they were trading on non-public information.

Feinstein, Loeffler, and Inhofe all said that others made the trades on their behalf.

A Loeffler spokesperson called it a “complete exoneration” while Feinstein and Inhofe made no comment.

Burr made trades worth $1.7 million, and the FBI executed a search warrant on his cell phone earlier this month, an indication of probable cause of a crime.

Burr announced earlier his decision to step down as chairman of the Senate Intelligence Committee.

But Florida Rep Matt Gaetz, who loves Trump, wants more from the Senator who believes that Russia intervened in the 2016 election to benefit Trump. Gaetz wants his resignation.

See the story at NPR.