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FBI recently obtained iCloud data access from Apple for Senator Richard Burr, as part of an on-going investigation regarding stock sales.
Richard Burr is under investigation for selling his stock portfolio while he was receiving updates from government health officials regarding coronavirus pandemic. The timing of his stock sales preceded the sharp decline in the stock market, just a week later. He had heavily invested in businesses that suffered the most due to the pandemic.
[...] Burr sold between $628,000 and $1.72 million worth of stocks. He was not the only senator to do so, as a few others are also under investigation. His brother in law also sold his shares worth between $97,000 and $280,000, on the same day as Burr's sell-off.
It is against the law for lawmakers to make trading decisions based on classified intelligence briefings that they receive due to their position in the government.
Also at 9to5Mac.
Previously: US Rep Chris Collins Resigns Ahead of Insider Trading Plea Involving Australian Biotech Company
This Website Tracks Which Shares US Senators Are Unloading Mid-Pandemic
(Score: 5, Insightful) by Mykl on Tuesday May 19 2020, @12:11AM
Sell the lot.
There's still the potential for conflict-of-interest if you have a pile of stock that you know will be influenced by a decision you make while in office, albeit on a longer-term scale. A great example of this is the bank bailout during the GFC. The long-term stock price position of the banks was significantly influenced by the decision to bail them out.