The U.S. Securities and Exchanges Commission (SEC) has closed down a more than two-year probe of stock trades made by former Sen. Richard Burr (R-S.C.) while in office in 2020, taking no action against the outgoing senator.
Burr announced the closure of the probe in a statement he shared with CNN on Friday.
“This week, the SEC informed me that they have concluded their investigation with no action,” Burr’s statement read. “I am glad to have this matter in the rearview mirror as I begin my retirement from the Senate following nearly three decades of public service.”
In March 2020, Burr and his brother-in-law Gerald Fauth came under scrutiny for the timing of trades he made in the early days of the COVID-19 pandemic….