Judge Inclined to Have Burr’s Brother-in-Law Testify in SEC Insider-Trading Probe - The Wall Street Journal
The Securities and Exchange Commission has been investigating possible insider trading by Sen. Richard Burr (R., N.C.) and a brother-in-law.
Photo: Bill Clark/Congressional Quarterly/Getty ImagesWASHINGTON—A federal judge on Friday said he was inclined to require Sen. Richard Burr’s brother-in-law to testify in an investigation that examines whether the two men engaged in insider trading.
The brother-in-law, Gerald Fauth, could potentially provide testimony to the Securities and Exchange Commission, which asked the court to intervene and order it, U.S. District Judge Andrew L. Carter Jr. said during a hearing. Mr. Fauth’s lawyers have said their client’s unwillingness to comply with a May 2020 SEC subpoena stems from serious health issues that could be worsened by stressful situations.
source: https://www.wsj.com/articles/judge-inclined-to-have-burrs-brother-in-law-testify-in-sec-insider-trading-probe-11635543377
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