Senator Richard Burr Sold a Fortune in Stocks as G.O.P. Played Down Coronavirus Threat


Because the Intelligence Committee chairman, Mr. Burr receives common briefings on threats to america, together with the coronavirus. He’s additionally a member of the Senate well being committee, which in January hosted a briefing with high Trump administration officers open to all senators.

It’s apparently not the primary time Mr. Burr has acted decisively to defend his property from monetary turmoil after listening to from authorities officers. In 2009, he recounted in a speech how after he heard Treasury Secretary Henry M. Paulson focus on a serious firm’s issue transferring cash between banks, he known as his spouse and instructed her to withdraw as a lot money as attainable from their very own accounts out of concern there could be a run on funds.

Three different senators additionally offered main holdings across the time Mr. Burr did, in response to the disclosure data: Dianne Feinstein, Democrat of California, who can also be a member of the Intelligence Committee; James M. Inhofe, Republican of Oklahoma; and Kelly Loeffler, Republican of Georgia.

The file of Mr. Burr’s inventory transaction exhibits he and his spouse offered 33 totally different shares on Feb. 13 that have been collectively value $628,000 to $1.7 million, in response to the disclosures filed with the secretary of the Senate. These gross sales embrace as a lot as $150,000 value of inventory in two resort chains, Wyndham Resorts and Resorts and Prolonged Keep America. The values of each corporations have declined considerably in latest weeks. He additionally offered as a lot as $65,000 value of inventory in Park Resorts & Resorts.

Ms. Feinstein and her husband offered $1.5 million to $6 million value of inventory in Allogene Therapeutics, a California-based biotech firm, in transactions that occurred on Jan. 31 and Feb. 18.

Mr. Inhofe offered a considerable amount of inventory — all on Jan. 27 — together with holdings in PayPal, Apple and Brookfield Asset Administration, an actual property firm, with the general worth of the gross sales totaling as a lot as $400,000, a disclosure report exhibits.

Ms. Loeffler and her husband, Jeffrey C. Sprecher, who’s the chairman of the New York Inventory Change, reported 27 inventory gross sales value tens of millions of {dollars} beginning on Jan. 24. On that day, Ms. Loeffler tweeted about attending the Senate briefing on the coronavirus. The shares the couple offered have been in corporations together with Exxon Mobil, Ross Shops and AutoZone.



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