SEC Seeks Testimony From Sen. Richard Burr’s Brother-in-Law in Insider-Trading Probe - The Wall Street Journal
Regulators say Sen. Richard Burr had material nonpublic information about the Covid-19 pandemic in February 2020.
Photo: Alex Wong/Getty ImagesWASHINGTON—The Securities and Exchange Commission is asking a federal judge to require Sen. Richard Burr’s brother-in-law to testify in an enforcement probe that examines possible insider trading by both men.
U.S. District Judge Lewis Liman has scheduled a Friday hearing to consider the SEC’s request for testimony from Gerald Fauth, who is chairman of the National Mediation Board and Mr. Burr’s brother-in-law. The SEC says the order is necessary because Mr. Fauth has “waged a relentless battle to avoid” complying with a SEC subpoena issued in May 2020, according to a court filing.
source: https://www.wsj.com/articles/sec-seeks-testimony-from-sen-richard-burrs-brother-in-law-in-insider-trading-probe-11635470619
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