News | 03.23.20
Senators’ Stock Sales After Virus Briefings Spark Advisor Debate
Financial advisors have begun to comment on reports that four senators with exclusive information on COVID-19 sold stock after learning about the severity of the virus. The senators are Sen. Kelly Loeffler (R-Ga.), Sen. Richard Burr (R-N.C.), David Perdue (R-Ga.), and James Inhofe (R-Okla.). The husband Sen. Dianne Feinstein (D.-Calif.) made recent stock sales as well. Paul Miguel, CFP, says remaining silent about the virus makes the lawmakers look bad, but calls for prosecution for breaking insider trading laws may not be warranted. Advisor Jeff Kirk suggested lawmakers should be required to invest only in indexes while in office to avoid these sorts of problems.
Read the full article on Think Advisor