2020 congressional insider trading scandal

2020 congressional insider trading scandal
Part of COVID-19 pandemic in the United States, 2020 stock market crash
Capitol at Dusk 2
US Capitol building, home of the US Congress.
DateFebruary, 2020 - January 19, 2021
LocationUnited States Congress
CauseParticipants' insider information of COVID-19 pandemic
ParticipantsMultiple United States Senators, notably, Richard Burr, Kelly Loeffler, Jim Inhofe, Dianne Feinstein, David Perdue, John Hoeven
OutcomeMillions of dollars of stock sold and purchased at the start of the COVID-19 pandemic
InquiriesNo charges brought against participants and all investigations into senators closed

The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting. The Department of Justice (DOJ) initiated a probe into the stock transactions on March 30, 2020. No charges were brought against anyone and all investigations into the matter are closed.


2020 congressional insider trading scandal

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