Newly unsealed FBI documents paint a vivid picture of the government’s evidence in a 2020 insider trading investigation of North Carolina’s senior senator, Republican Richard Burr. As chair of the Senate Intelligence Committee, Burr liquidated more than half of his and his wife’s equity holdings at a time when U.S. markets and most Americans did not yet know how bad the coronavirus pandemic was going to be. Given his position, Burr had information about the virus’ spread, and about America’s meager preparation for a massive pandemic, that was not available to the public. As a result of Senator Burr’s sales on February 13, 2020, his portfolio went from approximately 83% in equities to approximately 3% of equities. A week later, markets began a steep slide as investors panicked over the potential economic . . .
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