Home United States USA — Financial Lawyer: SEC should go to Sen. Burr first in stock sale probe

Lawyer: SEC should go to Sen. Burr first in stock sale probe

210
0
SHARE

The lawyer for Sen. Richard Burr’s brother-in-law told a judge Friday that U.S. regulators should question the senator before quizzing his client in a probe of whether insider trading resulted from secrets about the pandemic’s true threat.
NEW YORK — The lawyer for Sen. Richard Burr’s brother-in-law told a judge Friday that U.S. regulators should question the senator before quizzing his client in a probe of whether insider trading resulted from secrets about the pandemic’s true threat. Attorney Francis Warin complained to a Manhattan federal judge that the Securities and Exchange Commission is insisting on interviewing Gerald Fauth under oath when the Republican senator from North Carolina hasn’t been questioned. The SEC had asked the judge to order Fauth to submit to questioning by Tuesday. “Senator Burr has not been questioned and they seem completely fixated on taking our client’s testimony,” Warin said. “And yet Mr. Burr has not been questioned.” Warin even asked Judge Andrew L. Carter Jr. to ask SEC lawyers during the hearing why they had not questioned Burr, though the judge declined to do so, saying he wasn’t going to “micromanage” how the SEC conducts a probe.

Continue reading...