Mitchell S Markarian

Mitchell S Markarian

July 20, 2020 | New York Law Journal

Is Senator Burr Guilty of Insider Trading under the STOCK Act?

The SEC and U.S. Justice Department are investigating suspicious stock trades made by U.S. Senator Richard Burr in February 2020, which might have been based in part upon confidential information about the Coronavirus pandemic disclosed at closed-door congressional hearings, which if true, might violate the Stop Trading on Congressional Knowledge, or STOCK Act. The investigations may turn on whether Senator Burr's trades were based upon confidential government information, or publicly available news reports.

By Barry Temkin and Mitchell S. Markarian

8 minute read