US investigators examining stock trades of Sen. Burr ahead of the pandemic markets sell-off are confronting constitutional hurdles as they pursue what could become the first prosecution under the 2012 law that banned insider trading by members of Congress
US investigators examining the stock trades of Sen. Richard Burr ahead of the pandemic markets sell-off are confronting constitutional hurdles as they pursue what could become the first prosecution under the 2012 law that banned insider trading by members of Congress.
Already, the probe into the North Carolina Republican has tested novel legal issues as investigators seek to examine his communications with friends and family members around the time of closed-door lawmaker briefings and subsequent stock transactions, according to multiple US officials briefed on the matter.
Senators faced with scruity over stock sell offs right before market crash 02:16Even with all those precautions, Jefferson persuaded the courts to add additional protections. Jefferson asked a federal judge to force the return of the seized material, arguing that the search violated his Speech or Debate privileges because he was not able to remove protected information before the FBI took it away.
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