SEC is still investigating Sen. Richard Burr for pre-pandemic stock sales, agency filing reveals

The SEC in its submitting lays out a timeline of occasions on Feb. 13, 2020. At 8:54 a.m., the company says in its lawsuit, Burr known as his dealer and advised him to promote $1.65 million price of inventory he held in a joint retirement account together with his spouse. At 11:07 a.m., Fauth known as his sister — Burr’s spouse — and talked to her for lower than three minutes. The senator known as Fauth 25 minutes later, a dialog that lasted 50 seconds. A minute after they acquired off the cellphone, Fauth known as one in every of his brokers, who wasn’t within the workplace, then instantly reached one other and “directed her to promote a number of shares in his spouse’s account.”