Radio Free never accepts money from corporations, governments or billionaires – keeping the focus on supporting independent media for people, not profits. Since 2010, Radio Free has supported the work of thousands of independent journalists, learn more about how your donation helps improve journalism for everyone.

Make a monthly donation of any amount to support independent media.





Burr and Loeffler Insider Trading Requires “Resignation and Prosecution”

WASHINGTON – Today, in response to reports the Senators Riichard Burr and Kelly Loeffler sold off significant amounts of stock in the immediate aftermath of being briefed on the spread of COVID-19, all while publicly stating that there was no reason for alarm, Morris Pearl, the Chair of the Patriotic Millionaires and a former managing director at BlackRock, Inc., released the following statement:

“Senators Burr and Loeffler have clearly placed their own personal financial interests ahead of the safety and wellbeing of their constituents, and they have no business continuing to act as public servants. They must resign, and their misconduct must be prosecuted to the fullest extent of the law under the 2012 STOCK Act.

The Department of Justice should prioritize investigating and prosecuting these Senators. Our entire government depends on the American people trusting that their elected officials are working with their best interests at heart. By using their official positions to benefit themselves at the expense of the American people, these Senators have betrayed the trust of their communities and constituents, and cracked the very foundations of our democracy at a time when trust in our government has never been more important. 

Congress should pass laws that would make this kind of misbehavior impossible in the future. It is absurd that members of Congress are allowed to trade stocks at all. No one should personally profit from having the privilege of serving their nation as a legislator.”

For further comments or questions, please contact Sam Quigley at sam@patrioticmillionaires.org.

Print
Print Share Comment Cite Upload Translate Updates

Leave a Reply

APA

Common Dreams | Radio Free (2020-03-20T17:39:56+00:00) Burr and Loeffler Insider Trading Requires “Resignation and Prosecution”. Retrieved from https://www.radiofree.org/2020/03/20/burr-and-loeffler-insider-trading-requires-resignation-and-prosecution/

MLA
" » Burr and Loeffler Insider Trading Requires “Resignation and Prosecution”." Common Dreams | Radio Free - Friday March 20, 2020, https://www.radiofree.org/2020/03/20/burr-and-loeffler-insider-trading-requires-resignation-and-prosecution/
HARVARD
Common Dreams | Radio Free Friday March 20, 2020 » Burr and Loeffler Insider Trading Requires “Resignation and Prosecution”., viewed ,<https://www.radiofree.org/2020/03/20/burr-and-loeffler-insider-trading-requires-resignation-and-prosecution/>
VANCOUVER
Common Dreams | Radio Free - » Burr and Loeffler Insider Trading Requires “Resignation and Prosecution”. [Internet]. [Accessed ]. Available from: https://www.radiofree.org/2020/03/20/burr-and-loeffler-insider-trading-requires-resignation-and-prosecution/
CHICAGO
" » Burr and Loeffler Insider Trading Requires “Resignation and Prosecution”." Common Dreams | Radio Free - Accessed . https://www.radiofree.org/2020/03/20/burr-and-loeffler-insider-trading-requires-resignation-and-prosecution/
IEEE
" » Burr and Loeffler Insider Trading Requires “Resignation and Prosecution”." Common Dreams | Radio Free [Online]. Available: https://www.radiofree.org/2020/03/20/burr-and-loeffler-insider-trading-requires-resignation-and-prosecution/. [Accessed: ]
rf:citation
» Burr and Loeffler Insider Trading Requires “Resignation and Prosecution” | Common Dreams | Radio Free | https://www.radiofree.org/2020/03/20/burr-and-loeffler-insider-trading-requires-resignation-and-prosecution/ |

Please log in to upload a file.




There are no updates yet.
Click the Upload button above to add an update.

You must be logged in to translate posts. Please log in or register.