The U.S. Securities and Exchange Commission has concluded its investigation of former North Carolina Sen. Richard Burr related to investment sales early in the coronavirus pandemic without taking any action, Burr said on Friday.
Burr, a Republican who didn’t seek reelection in November after three Senate terms, and Gerald Fauth, the brother of Burr’s wife, had been scrutinized for potential insider trading by the SEC. Fauth's attorney said separately Friday that the SEC probe of his client is also over with no such trading found.
Burr and other members of Congress had been the focus of public criticism for aggressive trading in early 2020, before the economic threat from the virus was widely known.
