New York Times Quotes Matthew Sanderson on Senator Burr

Senator Richard M. Burr, Republican of North Carolina, said on Friday that he had asked the Senate Ethics Committee to scrutinize sales he made of hundreds of thousands of dollars’ worth of stock just before the coronavirus ravaged the stock market, in an attempt to clear himself of accusations that he traded on nonpublic information.

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Matthew T. Sanderson, a lawyer who advises members of Congress and candidates and who is a Republican, said the actions by Mr. Burr at a minimum need to be examined.

“I don’t know whether there is a violation, but it is certainly the type of facts that motivated the passage of the STOCK Act in the first place, and they are certainly the type of facts that warrant an investigation,” Mr. Sanderson said.

Mr. Burr has not disputed that he received confidential information during his briefings or that he directed the trades, Mr. Sanderson said.

Matthew Sanderson is also a Member of the Political Law Group at Caplin & Drysdale.

For the full article, please visit The New York Times’ website.