As we posted last week, the FBI was apparently investigating Senators Loeffler, Feinstein, Inhofe and Burr for possible insider trading.
Yesterday it announced that it was closing the investigation of all except Burr. It is important to note that there were probably two investigations going on, one by the FBI and one by the SEC. The SEC’s investigations are private, so we won’t know about them.The FBI investigation would be part of a criminal investigation, and given the claims that have been reported…[link below to full article]
Source: The Securities Law Blog: DOJ Closes Its Senator Insider Trading Investigation, Except for Burr
Mark Astarita is a nationally recognized securities attorney, who represents investors, financial professionals and firms in securities litigation, arbitration and regulatory matters, including SEC and FINRA investigations and enforcement proceedings.
He is a partner in the national securities law firm Sallah Astarita & Cox, LLC, and the founder of The Securities Law Home Page - SECLaw.com, which was one of the first legal topic sites on the Internet. It went online in 1995 and is updated daily with news, commentary and securities law related links.
