Breaking: Burr Steps Down as Senate Intel Committee Chairman Due to Insider Trading Investigation

Senator Richard Burr (R., N.C.) on Thursday stepped down as chairman of the Senate Intelligence Committee during an investigation into allegations that Burr engaged in insider trading.

“Senator Burr contacted me this morning to inform me of his decision to step aside as Chairman of the Intelligence Committee during the pendency of the investigation,” Senate Majority Leader Mitch McConnell told reporters. “We agreed that this decision would be in the best interests of the committee.”

FBI agents served Burr a warrant to search his Washington, D.C., area home and confiscate his cell phone as part of the Justice Department’s investigation. Burr sold up to $1.7 million in stocks on February 13, many of them in the hotel industry, after receiving a classified briefing in January on the emergent coronavirus in China.

Burr Steps Down as Senate Intel Committee Chairman Due to Insider Trading Investigation Burr sold up to $1.7 million in stocks on February 13, many of them in the hotel industry, after receiving a ... READ MORE ADVERTISEMENT Follow Us & Share 19 West 44th Street, Suite 1701, New York, NY, 10036, USA Your Preferences | Unsubscribe | Privacy View this e-mail in your browser.