Coronavirus: US Senators face calls to resign over ‘insider trading’

  • 2 years   ago
Coronavirus: US Senators face calls to resign over ‘insider trading’

Four US senators are under scrutiny over claims they used insider knowledge about the impending coronavirus crisis to sell shares before prices plummeted.

Republicans Richard Burr and Kelly Loeffler face calls to quit after selling millions in stocks last month.

James Inhofe, a Republican, and Dianne Feinstein, a Democrat, also reportedly sold holdings at the time.

 

It is illegal for Congress members to trade based on non-public information gathered during their official duties.

All four senators deny any impropriety.

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