Senators are facing backlash for selling in some cases millions of dollars in personal stocks shortly before the coronavirus pandemic sent markets into a freefall earlier this month.
WASHINGTON — , Sen. Richard Burr, R-N.C., Sen. Jim Inhofe, R-Okla., Sen. Kelly Loeffler, R-Ga., and Sen. Dianne Feinstein, D-Calif., all appear to have sold stock earlier this year. The question is whether the senators were aware, based on briefings, that the coronavirus scare was evolving into a worse situation than the public was aware.
On February 13, Burr sold anywhere between $50,001 and $100,000 worth of stock in firms like Complete Extended Stay and Wyndham Hotels that have been pummeled by the coronavirus.
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Two Senators Sold Off Stock Weeks Before Coronavirus Crashed The MarketI’m a San Francisco-based reporter covering breaking news at Forbes. Previously, I’ve reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter rachsandl or shoot me an email rsandlerforbes.com.
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