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The 2020 Congressional Insider Trading Scandal

At a Glance

Title: The 2020 Congressional Insider Trading Scandal

Total Categories: 5

Category Stats

  • The Scandal: Core Allegations and Context: 6 flashcards, 10 questions
  • Key Senators and Their Transactions: 11 flashcards, 29 questions
  • Legislative Framework: The STOCK Act: 3 flashcards, 8 questions
  • Investigations and Legal Outcomes: 9 flashcards, 20 questions
  • Public and Media Reactions: 7 flashcards, 13 questions

Total Stats

  • Total Flashcards: 36
  • True/False Questions: 49
  • Multiple Choice Questions: 31
  • Total Questions: 80

Instructions

Click the button to expand the instructions for how to use the Wiki2Web Teacher studio in order to print, edit, and export data about The 2020 Congressional Insider Trading Scandal

Welcome to Your Curriculum Command Center

This guide will turn you into a Wiki2web Studio power user. Let's unlock the features designed to give you back your weekends.

The Core Concept: What is a "Kit"?

Think of a Kit as your all-in-one digital lesson plan. It's a single, portable file that contains every piece of content for a topic: your subject categories, a central image, all your flashcards, and all your questions. The true power of the Studio is speed—once a kit is made (or you import one), you are just minutes away from printing an entire set of coursework.

Getting Started is Simple:

  • Create New Kit: Start with a clean slate. Perfect for a brand-new lesson idea.
  • Import & Edit Existing Kit: Load a .json kit file from your computer to continue your work or to modify a kit created by a colleague.
  • Restore Session: The Studio automatically saves your progress in your browser. If you get interrupted, you can restore your unsaved work with one click.

Step 1: Laying the Foundation (The Authoring Tools)

This is where you build the core knowledge of your Kit. Use the left-side navigation panel to switch between these powerful authoring modules.

⚙️ Kit Manager: Your Kit's Identity

This is the high-level control panel for your project.

  • Kit Name: Give your Kit a clear title. This will appear on all your printed materials.
  • Master Image: Upload a custom cover image for your Kit. This is essential for giving your content a professional visual identity, and it's used as the main graphic when you export your Kit as an interactive game.
  • Topics: Create the structure for your lesson. Add topics like "Chapter 1," "Vocabulary," or "Key Formulas." All flashcards and questions will be organized under these topics.

🃏 Flashcard Author: Building the Knowledge Blocks

Flashcards are the fundamental concepts of your Kit. Create them here to define terms, list facts, or pose simple questions.

  • Click "➕ Add New Flashcard" to open the editor.
  • Fill in the term/question and the definition/answer.
  • Assign the flashcard to one of your pre-defined topics.
  • To edit or remove a flashcard, simply use the ✏️ (Edit) or ❌ (Delete) icons next to any entry in the list.

✍️ Question Author: Assessing Understanding

Create a bank of questions to test knowledge. These questions are the engine for your worksheets and exams.

  • Click "➕ Add New Question".
  • Choose a Type: True/False for quick checks or Multiple Choice for more complex assessments.
  • To edit an existing question, click the ✏️ icon. You can change the question text, options, correct answer, and explanation at any time.
  • The Explanation field is a powerful tool: the text you enter here will automatically appear on the teacher's answer key and on the Smart Study Guide, providing instant feedback.

🔗 Intelligent Mapper: The Smart Connection

This is the secret sauce of the Studio. The Mapper transforms your content from a simple list into an interconnected web of knowledge, automating the creation of amazing study guides.

  • Step 1: Select a question from the list on the left.
  • Step 2: In the right panel, click on every flashcard that contains a concept required to answer that question. They will turn green, indicating a successful link.
  • The Payoff: When you generate a Smart Study Guide, these linked flashcards will automatically appear under each question as "Related Concepts."

Step 2: The Magic (The Generator Suite)

You've built your content. Now, with a few clicks, turn it into a full suite of professional, ready-to-use materials. What used to take hours of formatting and copying-and-pasting can now be done in seconds.

🎓 Smart Study Guide Maker

Instantly create the ultimate review document. It combines your questions, the correct answers, your detailed explanations, and all the "Related Concepts" you linked in the Mapper into one cohesive, printable guide.

📝 Worksheet & 📄 Exam Builder

Generate unique assessments every time. The questions and multiple-choice options are randomized automatically. Simply select your topics, choose how many questions you need, and generate:

  • A Student Version, clean and ready for quizzing.
  • A Teacher Version, complete with a detailed answer key and the explanations you wrote.

🖨️ Flashcard Printer

Forget wrestling with table layouts in a word processor. Select a topic, choose a cards-per-page layout, and instantly generate perfectly formatted, print-ready flashcard sheets.

Step 3: Saving and Collaborating

  • 💾 Export & Save Kit: This is your primary save function. It downloads the entire Kit (content, images, and all) to your computer as a single .json file. Use this to create permanent backups and share your work with others.
  • ➕ Import & Merge Kit: Combine your work. You can merge a colleague's Kit into your own or combine two of your lessons into a larger review Kit.

You're now ready to reclaim your time.

You're not just a teacher; you're a curriculum designer, and this is your Studio.

This page is an interactive visualization based on the Wikipedia article "2020 congressional insider trading scandal" (opens in new tab) and its cited references.

Text content is available under the Creative Commons Attribution-ShareAlike 4.0 License (opens in new tab). Additional terms may apply.

Disclaimer: This website is for informational purposes only and does not constitute any kind of advice. The information is not a substitute for consulting official sources or records or seeking advice from qualified professionals.


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Study Guide: The 2020 Congressional Insider Trading Scandal

Study Guide: The 2020 Congressional Insider Trading Scandal

The Scandal: Core Allegations and Context

The 2020 congressional insider trading scandal primarily involved allegations of senators trading stocks based on non-public information about the COVID-19 pandemic.

Answer: True

The source identifies the core of the 2020 congressional insider trading scandal as allegations that senators traded stocks utilizing non-public information pertaining to the COVID-19 pandemic.

Related Concepts:

  • What was the 2020 congressional insider trading scandal?: The 2020 congressional insider trading scandal involved allegations that several members of the United States Senate sold or bought stocks based on non-public information obtained during a closed Senate meeting about the COVID-19 pandemic. This occurred just before a significant stock market crash in February 2020.

The stock transactions related to the scandal occurred in late 2019, before the pandemic was widely known.

Answer: False

The provided information indicates that the stock transactions associated with the scandal primarily occurred in February 2020, not late 2019, and were linked to the emerging awareness of the pandemic.

Related Concepts:

  • When did the 2020 congressional insider trading scandal take place?: The scandal unfolded primarily in February 2020, with stock transactions occurring around that time. The Department of Justice initiated a probe into these transactions on March 30, 2020, and investigations were closed by January 19, 2021.

The 2020 congressional insider trading scandal occurred during a period of economic stability and a rising stock market.

Answer: False

The scandal occurred during the burgeoning COVID-19 pandemic and a significant stock market crash, not a period of economic stability.

Related Concepts:

  • What was the broader context of the 2020 congressional insider trading scandal?: The scandal occurred within the context of the burgeoning COVID-19 pandemic in the United States and a significant stock market crash that began around February 20, 2020. The senators allegedly used information from a closed-door briefing on the pandemic's potential impact.

The closed Senate meeting to brief senators on the COVID-19 outbreak occurred on January 24, 2020.

Answer: True

The source confirms that a closed Senate meeting, intended to brief senators on the COVID-19 outbreak, took place on January 24, 2020.

Related Concepts:

  • When did the Senate hold a closed meeting to brief senators about the COVID-19 outbreak?: The Senate Committees on Health and Foreign Relations held a closed meeting on January 24, 2020, to brief senators about the COVID-19 outbreak and its potential effects on the United States.

The US Capitol building is relevant to the scandal as the location where the implicated senators serve.

Answer: True

The US Capitol building serves as the seat of the United States Congress, making it relevant to the scandal as the place where the implicated senators perform their legislative duties.

Related Concepts:

  • What was the role of the US Capitol building in the context of the scandal?: The US Capitol building is the home of the US Congress, where the senators involved serve. The scandal directly relates to the actions of members of Congress within this institution.

The scandal involved allegations that senators used information from a closed-door briefing on the pandemic's potential impact.

Answer: True

The scandal involved allegations that senators utilized non-public information obtained from a closed-door briefing concerning the pandemic's potential impact.

Related Concepts:

  • What was the broader context of the 2020 congressional insider trading scandal?: The scandal occurred within the context of the burgeoning COVID-19 pandemic in the United States and a significant stock market crash that began around February 20, 2020. The senators allegedly used information from a closed-door briefing on the pandemic's potential impact.

What was the central allegation in the 2020 congressional insider trading scandal?

Answer: Senators traded stocks based on non-public information obtained from a closed-door briefing on the COVID-19 pandemic.

The central allegation of the 2020 congressional insider trading scandal was that senators traded stocks utilizing non-public information acquired during a closed-door briefing concerning the COVID-19 pandemic.

Related Concepts:

  • What was the 2020 congressional insider trading scandal?: The 2020 congressional insider trading scandal involved allegations that several members of the United States Senate sold or bought stocks based on non-public information obtained during a closed Senate meeting about the COVID-19 pandemic. This occurred just before a significant stock market crash in February 2020.
  • Which law was allegedly violated by the senators involved in the scandal?: The senators involved were alleged to have violated the STOCK Act, which prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.
  • What was the broader context of the 2020 congressional insider trading scandal?: The scandal occurred within the context of the burgeoning COVID-19 pandemic in the United States and a significant stock market crash that began around February 20, 2020. The senators allegedly used information from a closed-door briefing on the pandemic's potential impact.

In which month did the stock transactions related to the scandal primarily occur?

Answer: February 2020

The stock transactions associated with the scandal primarily occurred in February 2020.

Related Concepts:

  • When did the 2020 congressional insider trading scandal take place?: The scandal unfolded primarily in February 2020, with stock transactions occurring around that time. The Department of Justice initiated a probe into these transactions on March 30, 2020, and investigations were closed by January 19, 2021.

What was the broader economic context surrounding the 2020 congressional insider trading scandal?

Answer: The burgeoning COVID-19 pandemic and a significant stock market crash.

The 2020 congressional insider trading scandal unfolded during the burgeoning COVID-19 pandemic and coincided with a significant stock market crash.

Related Concepts:

  • What was the 2020 congressional insider trading scandal?: The 2020 congressional insider trading scandal involved allegations that several members of the United States Senate sold or bought stocks based on non-public information obtained during a closed Senate meeting about the COVID-19 pandemic. This occurred just before a significant stock market crash in February 2020.
  • What was the broader context of the 2020 congressional insider trading scandal?: The scandal occurred within the context of the burgeoning COVID-19 pandemic in the United States and a significant stock market crash that began around February 20, 2020. The senators allegedly used information from a closed-door briefing on the pandemic's potential impact.

On what date did the Senate Committees on Health and Foreign Relations hold a closed meeting to brief senators about the COVID-19 outbreak?

Answer: January 24, 2020

The Senate Committees on Health and Foreign Relations held a closed meeting to brief senators about the COVID-19 outbreak on January 24, 2020.

Related Concepts:

  • When did the Senate hold a closed meeting to brief senators about the COVID-19 outbreak?: The Senate Committees on Health and Foreign Relations held a closed meeting on January 24, 2020, to brief senators about the COVID-19 outbreak and its potential effects on the United States.

Key Senators and Their Transactions

Senator Kelly Loeffler and her husband made stock transactions totaling over $5 million after the January 24, 2020 briefing.

Answer: False

The source indicates that Senator Kelly Loeffler and her husband made stock transactions totaling between $1.275 million and $3.1 million following the January 24, 2020 briefing, not over $5 million.

Related Concepts:

  • What stock transactions did Senator Kelly Loeffler and her husband, Jeffrey Sprecher, make?: Following the January 24, 2020 briefing, Senator Kelly Loeffler and her husband, Jeffrey Sprecher (chairman of the New York Stock Exchange), made twenty-seven transactions to sell stock valued between $1,275,000 and $3,100,000. They also made two transactions to buy stock in Citrix Systems, which later saw an increase after a market correction.

Senator David Perdue began buying stock in DuPont, a PPE manufacturer, on the same day as the Senate briefing about the pandemic.

Answer: True

Senator David Perdue initiated purchases of stock in DuPont, a manufacturer of personal protective equipment (PPE), on the same day as the Senate briefing concerning the pandemic.

Related Concepts:

  • What stock transactions did Senator David Perdue make, and what was notable about them?: Senator David Perdue made 112 transactions, selling stocks worth around $825,000 and buying stocks valued at $1.8 million. Notably, he began buying stock in DuPont, a company that manufactures personal protective equipment (PPE), on the same day as the Senate briefing, up to March 2.
  • What was the alleged connection between Senator Perdue's stock purchases and personal protective equipment (PPE)?: Senator David Perdue purchased stock in DuPont, a company that manufactures personal protective equipment (PPE), on the same day as a Senate briefing about the coronavirus pandemic.

Senator John Hoeven purchased significant stock in health sciences companies before attending the pandemic briefing.

Answer: False

The source indicates Senator John Hoeven purchased significant stock in health sciences companies *after* attending the pandemic briefing, not before.

Related Concepts:

  • What stock transactions did Senator John Hoeven make in relation to the pandemic briefing?: Senator John Hoeven purchased $250,000 worth of stock in health sciences companies just five days after attending a briefing about the pandemic.

Senator Dianne Feinstein claimed her husband made all investment decisions and that the stock sales were unrelated to the pandemic.

Answer: True

Senator Dianne Feinstein asserted that her husband was solely responsible for investment decisions and that the stock sales in question were unrelated to the pandemic.

Related Concepts:

  • What stock sales did Senator Dianne Feinstein make, and what was her explanation?: On January 31 and February 18, Senator Dianne Feinstein sold stock in Allogene Therapeutics, with an estimated value between $1.5 million and $6 million. She stated that her husband made the investment decisions, that the company was unrelated to coronavirus work, and that the sale was unrelated to the pandemic situation.

On February 7, 2020, Senator Richard Burr publicly stated that the U.S. was ill-prepared for a public health threat like the coronavirus.

Answer: False

On February 7, 2020, Senator Burr publicly stated that the U.S. was in a better position than any other country to respond to a public health threat like the coronavirus due to its existing framework.

Related Concepts:

  • What did Senator Richard Burr say publicly about the government's response to coronavirus before his stock sales?: On February 7, Senator Burr, as Chair of the Senate Intelligence Committee, stated in an open editorial that the U.S. was in a better position than any other country to respond to a public health threat like the coronavirus due to its existing framework.

Senator Burr and his wife sold stock valued between $628,000 and $1.7 million on February 13, 2020.

Answer: True

The provided information confirms that Senator Burr and his wife executed stock sales valued between $628,000 and $1.7 million on February 13, 2020.

Related Concepts:

  • When did Senator Burr and his wife sell stock, and what was the approximate value?: On February 13, Senator Burr and his wife sold between $628,000 and $1.7 million worth of stock through thirty-three transactions.

Senator Burr's private statement on February 27, 2020, described the virus's transmission as less aggressive than previously seen.

Answer: False

Senator Burr's private statement on February 27, 2020, actually described the virus's transmission as 'much more aggressive in its transmission than anything that we have seen in recent history,' contradicting the assertion that it was less aggressive.

Related Concepts:

  • What did Senator Burr say about the virus's transmission, and how did this become public?: On February 27, Senator Burr stated at a Capitol Hill Club luncheon that the virus was "much more aggressive in its transmission than anything that we have seen in recent history." This statement was later leaked through a secret recording.

Senator Burr sold approximately $47,000 worth of stock in OCI, a fertilizer company, in September 2018, just before a significant stock price drop.

Answer: True

The source confirms that Senator Burr sold stock valued at approximately $47,000 in OCI, a fertilizer company, in September 2018. This sale occurred shortly before a significant drop in OCI's stock price.

Related Concepts:

  • What other stock sale by Senator Burr was investigated, and why was it notable?: During the investigation, it was discovered that Burr had also sold around $47,000 worth of stock in OCI, a Dutch fertilizer company, in September 2018. This sale occurred just before OCI's stock price dropped by forty-two percent, and it was notable because the sale happened when OCI's shares were at their highest price.

Senator Loeffler's husband, Jeffrey Sprecher, is the chairman of the New York Stock Exchange.

Answer: True

The source confirms that Senator Kelly Loeffler's husband, Jeffrey Sprecher, holds the position of chairman of the New York Stock Exchange.

Related Concepts:

  • What stock transactions did Senator Kelly Loeffler and her husband, Jeffrey Sprecher, make?: Following the January 24, 2020 briefing, Senator Kelly Loeffler and her husband, Jeffrey Sprecher (chairman of the New York Stock Exchange), made twenty-seven transactions to sell stock valued between $1,275,000 and $3,100,000. They also made two transactions to buy stock in Citrix Systems, which later saw an increase after a market correction.

Senator Feinstein's stock sales occurred in early March 2020, shortly after the pandemic was declared a national emergency.

Answer: False

The source indicates Senator Feinstein's stock sales in Allogene Therapeutics occurred on January 31 and February 18, 2020, which predates the declaration of a national emergency and the primary market crash.

Related Concepts:

  • What stock sales did Senator Dianne Feinstein make, and what was her explanation?: On January 31 and February 18, Senator Dianne Feinstein sold stock in Allogene Therapeutics, with an estimated value between $1.5 million and $6 million. She stated that her husband made the investment decisions, that the company was unrelated to coronavirus work, and that the sale was unrelated to the pandemic situation.

Senator Burr's private statement about the virus's transmission was leaked through a public press conference.

Answer: False

Senator Burr's private statement regarding the virus's transmission was leaked through a secret recording, not a public press conference.

Related Concepts:

  • What did Senator Burr say about the virus's transmission, and how did this become public?: On February 27, Senator Burr stated at a Capitol Hill Club luncheon that the virus was "much more aggressive in its transmission than anything that we have seen in recent history." This statement was later leaked through a secret recording.

Senator Loeffler sold stock in Citrix Systems after the pandemic briefing.

Answer: False

The source indicates that Senator Loeffler and her husband *bought* stock in Citrix Systems after the pandemic briefing, not sold it.

Related Concepts:

  • What stock transactions did Senator Kelly Loeffler and her husband, Jeffrey Sprecher, make?: Following the January 24, 2020 briefing, Senator Kelly Loeffler and her husband, Jeffrey Sprecher (chairman of the New York Stock Exchange), made twenty-seven transactions to sell stock valued between $1,275,000 and $3,100,000. They also made two transactions to buy stock in Citrix Systems, which later saw an increase after a market correction.

Senator Feinstein's husband allegedly made investment decisions related to Allogene Therapeutics stock.

Answer: True

Senator Dianne Feinstein stated that her husband made the investment decisions related to Allogene Therapeutics stock.

Related Concepts:

  • What stock sales did Senator Dianne Feinstein make, and what was her explanation?: On January 31 and February 18, Senator Dianne Feinstein sold stock in Allogene Therapeutics, with an estimated value between $1.5 million and $6 million. She stated that her husband made the investment decisions, that the company was unrelated to coronavirus work, and that the sale was unrelated to the pandemic situation.

Senator Burr's stock sales occurred after he publicly downplayed the threat of the coronavirus.

Answer: True

Senator Burr's stock sales on February 13, 2020, occurred after his public statement on February 7, 2020, which suggested the U.S. was well-prepared for a public health threat like the coronavirus.

Related Concepts:

  • What did Senator Richard Burr say publicly about the government's response to coronavirus before his stock sales?: On February 7, Senator Burr, as Chair of the Senate Intelligence Committee, stated in an open editorial that the U.S. was in a better position than any other country to respond to a public health threat like the coronavirus due to its existing framework.
  • When did Senator Burr and his wife sell stock, and what was the approximate value?: On February 13, Senator Burr and his wife sold between $628,000 and $1.7 million worth of stock through thirty-three transactions.

Senator Loeffler's husband, Jeffrey Sprecher, sold stock valued between $1.2 million and $3 million.

Answer: True

The source indicates that Senator Loeffler's husband, Jeffrey Sprecher, sold stock valued between $1.275 million and $3.1 million.

Related Concepts:

  • What stock transactions did Senator Kelly Loeffler and her husband, Jeffrey Sprecher, make?: Following the January 24, 2020 briefing, Senator Kelly Loeffler and her husband, Jeffrey Sprecher (chairman of the New York Stock Exchange), made twenty-seven transactions to sell stock valued between $1,275,000 and $3,100,000. They also made two transactions to buy stock in Citrix Systems, which later saw an increase after a market correction.

Senator Hoeven purchased stock in health sciences companies five days after the January 24, 2020 briefing.

Answer: True

The source indicates that Senator John Hoeven purchased stock in health sciences companies five days after the January 24, 2020 briefing.

Related Concepts:

  • What stock transactions did Senator John Hoeven make in relation to the pandemic briefing?: Senator John Hoeven purchased $250,000 worth of stock in health sciences companies just five days after attending a briefing about the pandemic.

Senator Feinstein sold stock valued between $1.5 million and $6 million in Allogene Therapeutics.

Answer: True

Senator Dianne Feinstein's sales of Allogene Therapeutics stock were valued between $1.5 million and $6 million.

Related Concepts:

  • What stock sales did Senator Dianne Feinstein make, and what was her explanation?: On January 31 and February 18, Senator Dianne Feinstein sold stock in Allogene Therapeutics, with an estimated value between $1.5 million and $6 million. She stated that her husband made the investment decisions, that the company was unrelated to coronavirus work, and that the sale was unrelated to the pandemic situation.

According to the source, what was notable about Senator David Perdue's stock transactions?

Answer: He purchased stock in DuPont, a PPE manufacturer, on the same day as the Senate briefing.

It was notable that Senator David Perdue began purchasing stock in DuPont, a PPE manufacturer, on the same day as the Senate briefing concerning the pandemic.

Related Concepts:

  • What stock transactions did Senator David Perdue make, and what was notable about them?: Senator David Perdue made 112 transactions, selling stocks worth around $825,000 and buying stocks valued at $1.8 million. Notably, he began buying stock in DuPont, a company that manufactures personal protective equipment (PPE), on the same day as the Senate briefing, up to March 2.
  • What was the alleged connection between Senator Perdue's stock purchases and personal protective equipment (PPE)?: Senator David Perdue purchased stock in DuPont, a company that manufactures personal protective equipment (PPE), on the same day as a Senate briefing about the coronavirus pandemic.

What explanation did Senator Dianne Feinstein provide for her stock sales?

Answer: She asserted her husband made the decisions and the company was unrelated to coronavirus work.

Senator Dianne Feinstein asserted that her husband made the investment decisions and that the company involved was unrelated to coronavirus work.

Related Concepts:

  • What stock sales did Senator Dianne Feinstein make, and what was her explanation?: On January 31 and February 18, Senator Dianne Feinstein sold stock in Allogene Therapeutics, with an estimated value between $1.5 million and $6 million. She stated that her husband made the investment decisions, that the company was unrelated to coronavirus work, and that the sale was unrelated to the pandemic situation.

Which company's stock did Senator Burr sell in September 2018, shortly before its price dropped significantly?

Answer: OCI

In September 2018, Senator Burr sold stock in OCI, a fertilizer company, shortly before its price experienced a significant decline.

Related Concepts:

  • What specific company's stock did Senator Burr sell shortly before the market correction?: Senator Richard Burr sold stock in multiple companies, but reports specifically highlighted his sale of stock shortly before the market correction, as detailed by ProPublica.

What was Senator Kelly Loeffler's husband's position?

Answer: Chairman of the New York Stock Exchange

Senator Kelly Loeffler's husband, Jeffrey Sprecher, holds the position of Chairman of the New York Stock Exchange.

Related Concepts:

  • What stock transactions did Senator Kelly Loeffler and her husband, Jeffrey Sprecher, make?: Following the January 24, 2020 briefing, Senator Kelly Loeffler and her husband, Jeffrey Sprecher (chairman of the New York Stock Exchange), made twenty-seven transactions to sell stock valued between $1,275,000 and $3,100,000. They also made two transactions to buy stock in Citrix Systems, which later saw an increase after a market correction.

Senator John Hoeven purchased stock in which type of companies shortly after the pandemic briefing?

Answer: Health sciences companies

Shortly after the pandemic briefing, Senator John Hoeven purchased stock in health sciences companies.

Related Concepts:

  • What stock transactions did Senator John Hoeven make in relation to the pandemic briefing?: Senator John Hoeven purchased $250,000 worth of stock in health sciences companies just five days after attending a briefing about the pandemic.

What was the approximate value range of Senator Dianne Feinstein's stock sales in Allogene Therapeutics?

Answer: $1.5 million to $6 million

Senator Dianne Feinstein's sales of Allogene Therapeutics stock were valued between $1.5 million and $6 million.

Related Concepts:

  • What stock sales did Senator Dianne Feinstein make, and what was her explanation?: On January 31 and February 18, Senator Dianne Feinstein sold stock in Allogene Therapeutics, with an estimated value between $1.5 million and $6 million. She stated that her husband made the investment decisions, that the company was unrelated to coronavirus work, and that the sale was unrelated to the pandemic situation.

Which senator made 112 stock transactions, including buying DuPont stock on the day of the Senate briefing?

Answer: David Perdue

Senator David Perdue made 112 stock transactions, including buying DuPont stock on the day of the Senate briefing.

Related Concepts:

  • What stock transactions did Senator David Perdue make, and what was notable about them?: Senator David Perdue made 112 transactions, selling stocks worth around $825,000 and buying stocks valued at $1.8 million. Notably, he began buying stock in DuPont, a company that manufactures personal protective equipment (PPE), on the same day as the Senate briefing, up to March 2.

Which of the following statements accurately describes Senator Burr's stock sales?

Answer: He sold stock valued between $628,000 and $1.7 million on February 13, 2020.

Senator Burr sold stock valued between $628,000 and $1.7 million on February 13, 2020.

Related Concepts:

  • When did Senator Burr and his wife sell stock, and what was the approximate value?: On February 13, Senator Burr and his wife sold between $628,000 and $1.7 million worth of stock through thirty-three transactions.
  • What specific company's stock did Senator Burr sell shortly before the market correction?: Senator Richard Burr sold stock in multiple companies, but reports specifically highlighted his sale of stock shortly before the market correction, as detailed by ProPublica.

What was the alleged connection between Senator Loeffler's stock transactions and the pandemic briefing?

Answer: She sold stocks valued between $1.2M and $3.1M following the briefing.

The alleged connection is that Senator Loeffler sold stocks valued between $1.2 million and $3.1 million following the pandemic briefing.

Related Concepts:

  • What stock transactions did Senator Kelly Loeffler and her husband, Jeffrey Sprecher, make?: Following the January 24, 2020 briefing, Senator Kelly Loeffler and her husband, Jeffrey Sprecher (chairman of the New York Stock Exchange), made twenty-seven transactions to sell stock valued between $1,275,000 and $3,100,000. They also made two transactions to buy stock in Citrix Systems, which later saw an increase after a market correction.

What was the nature of the stock transaction involving Senator John Hoeven?

Answer: He purchased $250,000 worth of stock in health sciences companies.

Senator John Hoeven purchased $250,000 worth of stock in health sciences companies shortly after the pandemic briefing.

Related Concepts:

  • What stock transactions did Senator John Hoeven make in relation to the pandemic briefing?: Senator John Hoeven purchased $250,000 worth of stock in health sciences companies just five days after attending a briefing about the pandemic.

Who was identified as the chairman of the New York Stock Exchange and husband to Senator Kelly Loeffler?

Answer: Jeffrey Sprecher

Jeffrey Sprecher, the chairman of the New York Stock Exchange, is identified as the husband of Senator Kelly Loeffler.

Related Concepts:

  • What stock transactions did Senator Kelly Loeffler and her husband, Jeffrey Sprecher, make?: Following the January 24, 2020 briefing, Senator Kelly Loeffler and her husband, Jeffrey Sprecher (chairman of the New York Stock Exchange), made twenty-seven transactions to sell stock valued between $1,275,000 and $3,100,000. They also made two transactions to buy stock in Citrix Systems, which later saw an increase after a market correction.

What did Senator Burr state in a private luncheon on February 27, 2020, regarding the virus?

Answer: That the virus was 'much more aggressive in its transmission than anything that we have seen in recent history.'

In a private luncheon on February 27, 2020, Senator Burr stated that the virus was 'much more aggressive in its transmission than anything that we have seen in recent history.'

Related Concepts:

  • What did Senator Burr say about the virus's transmission, and how did this become public?: On February 27, Senator Burr stated at a Capitol Hill Club luncheon that the virus was "much more aggressive in its transmission than anything that we have seen in recent history." This statement was later leaked through a secret recording.

Legislative Framework: The STOCK Act

The STOCK Act, allegedly violated by the senators, permits members of Congress to trade stocks using non-public information.

Answer: False

Contrary to the statement, the STOCK Act prohibits members of Congress from trading stocks based on non-public information; it was enacted to prevent insider trading by elected officials.

Related Concepts:

  • Which law was allegedly violated by the senators involved in the scandal?: The senators involved were alleged to have violated the STOCK Act, which prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.

The STOCK Act was signed into law by President Donald Trump in 2012.

Answer: False

The STOCK Act was signed into law by President Barack Obama in 2012.

Related Concepts:

  • What is the STOCK Act and when was it enacted?: The STOCK Act, which stands for Stop Trading on Congressional Knowledge Act, was introduced by Senator Joe Lieberman on January 26, 2012. It prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. The bill was signed into law by President Barack Obama on April 4, 2012.

Only three senators voted against the STOCK Act when it was introduced: Richard Burr, Jeff Bingaman, and Tom Coburn.

Answer: True

The source confirms that Senators Richard Burr, Jeff Bingaman, and Tom Coburn were the only three senators who voted against the STOCK Act upon its introduction.

Related Concepts:

  • Which senators voted against the STOCK Act when it was introduced?: Senators Richard Burr, Jeff Bingaman, and Tom Coburn were the only senators who voted against the STOCK Act when it was introduced.

The STOCK Act was introduced by Senator Joe Lieberman.

Answer: True

The STOCK Act was introduced by Senator Joe Lieberman.

Related Concepts:

  • What is the STOCK Act and when was it enacted?: The STOCK Act, which stands for Stop Trading on Congressional Knowledge Act, was introduced by Senator Joe Lieberman on January 26, 2012. It prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. The bill was signed into law by President Barack Obama on April 4, 2012.

The STOCK Act was enacted in 2012.

Answer: True

The STOCK Act was enacted into law in 2012.

Related Concepts:

  • What is the STOCK Act and when was it enacted?: The STOCK Act, which stands for Stop Trading on Congressional Knowledge Act, was introduced by Senator Joe Lieberman on January 26, 2012. It prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. The bill was signed into law by President Barack Obama on April 4, 2012.

When was the STOCK Act, aimed at preventing insider trading by members of Congress, signed into law?

Answer: April 4, 2012

The STOCK Act, designed to prevent insider trading by members of Congress, was signed into law on April 4, 2012.

Related Concepts:

  • What is the STOCK Act and when was it enacted?: The STOCK Act, which stands for Stop Trading on Congressional Knowledge Act, was introduced by Senator Joe Lieberman on January 26, 2012. It prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. The bill was signed into law by President Barack Obama on April 4, 2012.

Which of the following senators was NOT among the three who voted against the STOCK Act?

Answer: Dianne Feinstein

Senators Richard Burr, Jeff Bingaman, and Tom Coburn voted against the STOCK Act. Dianne Feinstein was not among these three.

Related Concepts:

  • Which senators voted against the STOCK Act when it was introduced?: Senators Richard Burr, Jeff Bingaman, and Tom Coburn were the only senators who voted against the STOCK Act when it was introduced.

The STOCK Act was introduced to prevent insider trading by which group?

Answer: Members of Congress and other government employees

The STOCK Act was introduced to prevent insider trading by members of Congress and other government employees.

Related Concepts:

  • What is the STOCK Act and when was it enacted?: The STOCK Act, which stands for Stop Trading on Congressional Knowledge Act, was introduced by Senator Joe Lieberman on January 26, 2012. It prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. The bill was signed into law by President Barack Obama on April 4, 2012.

Investigations and Legal Outcomes

The Securities and Exchange Commission (SEC) was the sole agency that initiated a probe into the stock transactions.

Answer: False

The Department of Justice (DOJ) initiated a probe into the stock transactions, in conjunction with the Securities and Exchange Commission (SEC), not solely by the SEC.

Related Concepts:

  • Who initiated the investigation into the stock transactions?: The Department of Justice (DOJ) initiated a probe into the stock transactions related to the scandal.
  • When did the Department of Justice and the SEC initiate their probe?: The Department of Justice initiated a probe into the stock transactions on March 30, 2020, in conjunction with the Securities and Exchange Commission (SEC).

Following investigations, several senators were indicted and faced criminal charges for insider trading.

Answer: False

The source indicates that no charges were brought against any of the participants, and all investigations were closed without indictments or criminal charges.

Related Concepts:

  • What was the final outcome of the investigations into the senators involved?: No charges were brought against any of the participants, and all investigations into the senators involved in the scandal were closed.

Senator Feinstein refused to provide any documents to the FBI regarding her husband's stock transactions.

Answer: False

The source indicates that Senator Feinstein reportedly provided documents to the FBI concerning her husband's transactions, aiming to demonstrate her lack of involvement in the decision-making process.

Related Concepts:

  • What actions did Senator Feinstein take regarding the investigation into her stock transactions?: Senator Feinstein reportedly provided documents to the FBI related to her husband's transactions to demonstrate that she had no connection to the decision-making process.

Senator Richard Burr requested an investigation into his stock trading by the House Ethics Committee.

Answer: False

Senator Richard Burr requested an investigation into his stock trading by the *Senate* Ethics Committee, not the House Ethics Committee.

Related Concepts:

  • What action did Senator Richard Burr take regarding the ethics committee?: On March 20, Senator Burr requested that the Senate Ethics Committee investigate his stock trading history, while also asserting that he only used publicly available information for his decisions.

The FBI seized Senator Burr's phone and searched his iCloud account as part of the investigation.

Answer: True

As part of the investigation into Senator Burr's stock trading, the FBI seized his phone and obtained warrants to search his personal iCloud account.

Related Concepts:

  • What action did the FBI take in relation to Senator Burr's investigation?: On May 13, the FBI seized Senator Burr's phone and obtained other warrants, including one to search his personal iCloud account, as part of the investigation into his communications with his stock broker.

Senator Burr temporarily stepped down as Chairman of the Senate Intelligence Committee during the investigation.

Answer: True

During the investigation into his stock trading, Senator Burr temporarily stepped down from his position as Chairman of the Senate Intelligence Committee.

Related Concepts:

  • What decision did Senator Burr make regarding his chairmanship of the Senate Intelligence Committee?: On May 14, Senator Burr informed Senate Majority Leader Mitch McConnell that he would temporarily step down as chairman of the Senate Intelligence Committee for the duration of the investigation.

Investigations into Senators Feinstein, Inhofe, and Loeffler were concluded by the Justice Department in May 2021.

Answer: False

The Justice Department concluded its investigations into Senators Feinstein, Inhofe, and Loeffler in May *2020*, not May 2021.

Related Concepts:

  • When did the Justice Department conclude its investigations into Senators Feinstein, Inhofe, and Loeffler?: The Justice Department announced on May 26, 2020, that it had ended its investigations into Senators Dianne Feinstein, Jim Inhofe, and Kelly Loeffler.

The investigation into Senator Richard Burr was officially closed in January 2021.

Answer: True

The investigation into Senator Richard Burr's stock sales was officially closed by the Department of Justice on January 19, 2021.

Related Concepts:

  • When was the investigation into Senator Richard Burr officially closed?: The Justice Department closed its investigation into Senator Richard Burr on January 19, 2021.

The investigations into the senators involved were initiated by the FBI.

Answer: False

The investigations into the senators involved were initiated by the Department of Justice (DOJ), not the FBI.

Related Concepts:

  • When did the Justice Department conclude its investigations into Senators Feinstein, Inhofe, and Loeffler?: The Justice Department announced on May 26, 2020, that it had ended its investigations into Senators Dianne Feinstein, Jim Inhofe, and Kelly Loeffler.

Senator Jim Inhofe was among the senators whose investigations were closed by the Justice Department on May 26, 2020.

Answer: True

Senator Jim Inhofe was indeed among the senators whose investigations were concluded by the Justice Department on May 26, 2020.

Related Concepts:

  • When did the Justice Department conclude its investigations into Senators Feinstein, Inhofe, and Loeffler?: The Justice Department announced on May 26, 2020, that it had ended its investigations into Senators Dianne Feinstein, Jim Inhofe, and Kelly Loeffler.

The investigation into Senator Burr's stock sales was closed by the DOJ on January 19, 2021, with no charges filed.

Answer: True

The Department of Justice closed its investigation into Senator Richard Burr's stock sales on January 19, 2021, and no charges were filed.

Related Concepts:

  • When was the investigation into Senator Richard Burr officially closed?: The Justice Department closed its investigation into Senator Richard Burr on January 19, 2021.

The Department of Justice probe into the stock transactions was initiated on March 30, 2020.

Answer: True

The Department of Justice initiated its probe into the stock transactions related to the scandal on March 30, 2020.

Related Concepts:

  • When did the Department of Justice and the SEC initiate their probe?: The Department of Justice initiated a probe into the stock transactions on March 30, 2020, in conjunction with the Securities and Exchange Commission (SEC).

Senator Burr resigned from his position as Chairman of the Senate Intelligence Committee permanently.

Answer: False

Senator Burr temporarily stepped down as Chairman of the Senate Intelligence Committee during the investigation; he did not resign permanently from the position.

Related Concepts:

  • What decision did Senator Burr make regarding his chairmanship of the Senate Intelligence Committee?: On May 14, Senator Burr informed Senate Majority Leader Mitch McConnell that he would temporarily step down as chairman of the Senate Intelligence Committee for the duration of the investigation.

Which government agency initiated the probe into the stock transactions related to the scandal?

Answer: The Department of Justice (DOJ)

The probe into the stock transactions related to the scandal was initiated by the Department of Justice (DOJ).

Related Concepts:

  • Who initiated the investigation into the stock transactions?: The Department of Justice (DOJ) initiated a probe into the stock transactions related to the scandal.

What was the ultimate outcome of the investigations into the senators implicated in the scandal?

Answer: All investigations were closed without any charges being filed.

The ultimate outcome of the investigations into the implicated senators was that all probes were closed without any charges being filed.

Related Concepts:

  • What was the final outcome of the investigations into the senators involved?: No charges were brought against any of the participants, and all investigations into the senators involved in the scandal were closed.

What action did Senator Richard Burr take regarding the ethics investigation into his stock trading?

Answer: He requested the Senate Ethics Committee investigate his trading history.

Senator Richard Burr requested that the Senate Ethics Committee investigate his stock trading history.

Related Concepts:

  • What action did Senator Richard Burr take regarding the ethics committee?: On March 20, Senator Burr requested that the Senate Ethics Committee investigate his stock trading history, while also asserting that he only used publicly available information for his decisions.

What action did the FBI take on May 13, 2020, as part of the investigation into Senator Burr?

Answer: They seized his phone and obtained warrants for his iCloud account.

On May 13, 2020, the FBI seized Senator Burr's phone and obtained warrants for his iCloud account as part of the investigation.

Related Concepts:

  • What action did the FBI take in relation to Senator Burr's investigation?: On May 13, the FBI seized Senator Burr's phone and obtained other warrants, including one to search his personal iCloud account, as part of the investigation into his communications with his stock broker.

How long did Senator Burr agree to temporarily step down as Chairman of the Senate Intelligence Committee?

Answer: Until the end of the investigation

Senator Burr agreed to temporarily step down as Chairman of the Senate Intelligence Committee until the conclusion of the investigation.

Related Concepts:

  • What decision did Senator Burr make regarding his chairmanship of the Senate Intelligence Committee?: On May 14, Senator Burr informed Senate Majority Leader Mitch McConnell that he would temporarily step down as chairman of the Senate Intelligence Committee for the duration of the investigation.

When did the Justice Department conclude its investigations into Senators Dianne Feinstein, Jim Inhofe, and Kelly Loeffler?

Answer: May 26, 2020

The Justice Department concluded its investigations into Senators Dianne Feinstein, Jim Inhofe, and Kelly Loeffler on May 26, 2020.

Related Concepts:

  • When did the Justice Department conclude its investigations into Senators Feinstein, Inhofe, and Loeffler?: The Justice Department announced on May 26, 2020, that it had ended its investigations into Senators Dianne Feinstein, Jim Inhofe, and Kelly Loeffler.

The investigation into Senator Richard Burr was officially closed on which date?

Answer: January 19, 2021

The investigation into Senator Richard Burr was officially closed by the DOJ on January 19, 2021.

Related Concepts:

  • When was the investigation into Senator Richard Burr officially closed?: The Justice Department closed its investigation into Senator Richard Burr on January 19, 2021.

Public and Media Reactions

ProPublica was the first news outlet to report on the stock sales of senators like Burr and Loeffler in March 2020.

Answer: True

ProPublica was the first news outlet to publish reports detailing stock sales by senators such as Burr and Loeffler shortly before the market correction.

Related Concepts:

  • Which news outlet first published reports detailing the stock sales of senators like Burr and Loeffler?: ProPublica published an article on March 19, showing that Senator Burr had sold stock shortly before the market correction. The article also reported on the stock selling activities of Kelly Loeffler, Jim Inhofe, and Dianne Feinstein.

Tucker Carlson defended Senator Burr against allegations of insider trading on his show.

Answer: False

Contrary to the statement, Tucker Carlson did not defend Senator Burr; he called for Senator Burr's resignation and prosecution for insider trading on his show.

Related Concepts:

  • How did Tucker Carlson react to the allegations against Senator Richard Burr?: Tucker Carlson called for Senator Burr to resign from the Senate and be prosecuted for insider trading on his show, Tucker Carlson Tonight.

Representative Alexandria Ocasio-Cortez urged Senator Burr to resign due to the scandal.

Answer: True

Representative Alexandria Ocasio-Cortez called for Senator Burr's resignation due to the scandal.

Related Concepts:

  • What reactions did Representatives Alexandria Ocasio-Cortez and Joaquin Castro have to the scandal?: Representative Alexandria Ocasio-Cortez called for Senator Burr to resign, and Representative Joaquin Castro called for an investigation into the stock selling activities.

Representative Doug Collins criticized Senator Kelly Loeffler for allegedly profiting from the public's economic hardship during the pandemic.

Answer: True

Representative Doug Collins criticized Senator Kelly Loeffler by stating she was profiting from the public's economic hardship during the pandemic.

Related Concepts:

  • How did Representative Doug Collins criticize Senator Kelly Loeffler in relation to the scandal?: Doug Collins, who was running against Loeffler in a Georgia Senate election, criticized her by stating, "People are losing their jobs, their businesses, their retirements, and even their lives and Kelly Loeffler is profiting off their pain? I'm sickened just thinking about it."

Representative Greg Gianforte was accused of insider trading related to investments in a company manufacturing ventilators.

Answer: False

Representative Greg Gianforte was accused of insider trading related to investments in a manufacturer of hydroxychloroquine, not ventilators.

Related Concepts:

  • What accusation of insider trading was made against Representative Greg Gianforte?: Montana Attorney General Tim Fox accused Representative Greg Gianforte of insider trading on April 10, related to investments in a manufacturer of hydroxychloroquine. This accusation occurred while Fox was running against Gianforte in the 2020 Montana gubernatorial election.

Greg Gianforte defended himself by stating his investments were managed through a blind trust.

Answer: True

Representative Greg Gianforte defended himself against accusations of insider trading by asserting that all his investments were managed through a blind trust.

Related Concepts:

  • What was Greg Gianforte's defense against the insider trading accusations?: Greg Gianforte stated that all his investments were managed through a blind trust, which is a financial arrangement where the assets are managed by an independent third party without the owner's knowledge or involvement in day-to-day decisions.

Senator Burr's spokesperson responded to NPR's inquiry about alleged violations with a detailed explanation of his investment strategy.

Answer: False

Senator Burr's spokesperson initially responded to NPR's inquiry with 'lol' before providing a brief clarification, rather than a detailed explanation of his investment strategy.

Related Concepts:

  • What was the response from Senator Burr's spokesperson when asked for comment by NPR?: When asked for comment by NPR regarding alleged violations, Senator Burr's spokesperson initially responded with "lol" and then clarified that he was deeply concerned about the pandemic's toll on the economy as the situation evolved daily.

Representative Joaquin Castro called for Senator Burr to resign.

Answer: False

Representative Alexandria Ocasio-Cortez called for Senator Burr's resignation, while Representative Joaquin Castro called for an investigation into the stock selling activities, not specifically for Burr's resignation.

Related Concepts:

  • What reactions did Representatives Alexandria Ocasio-Cortez and Joaquin Castro have to the scandal?: Representative Alexandria Ocasio-Cortez called for Senator Burr to resign, and Representative Joaquin Castro called for an investigation into the stock selling activities.

Which news outlet first published reports detailing stock sales by senators like Burr and Loeffler shortly before the market correction?

Answer: ProPublica

ProPublica was the first news outlet to publish reports detailing stock sales by senators such as Burr and Loeffler shortly before the market correction.

Related Concepts:

  • Which news outlet first published reports detailing the stock sales of senators like Burr and Loeffler?: ProPublica published an article on March 19, showing that Senator Burr had sold stock shortly before the market correction. The article also reported on the stock selling activities of Kelly Loeffler, Jim Inhofe, and Dianne Feinstein.

How did Tucker Carlson react to the allegations against Senator Richard Burr?

Answer: He called for Senator Burr's resignation and prosecution.

Tucker Carlson reacted to the allegations against Senator Richard Burr by calling for his resignation and prosecution.

Related Concepts:

  • How did Tucker Carlson react to the allegations against Senator Richard Burr?: Tucker Carlson called for Senator Burr to resign from the Senate and be prosecuted for insider trading on his show, Tucker Carlson Tonight.

Which representative called for an investigation into the stock selling activities of senators?

Answer: Joaquin Castro

Representative Joaquin Castro called for an investigation into the stock selling activities of senators.

Related Concepts:

  • What reactions did Representatives Alexandria Ocasio-Cortez and Joaquin Castro have to the scandal?: Representative Alexandria Ocasio-Cortez called for Senator Burr to resign, and Representative Joaquin Castro called for an investigation into the stock selling activities.

What defense did Representative Greg Gianforte offer against accusations of insider trading?

Answer: He stated all investments were managed through a blind trust.

Representative Greg Gianforte defended himself against accusations of insider trading by stating that all his investments were managed through a blind trust.

Related Concepts:

  • What was Greg Gianforte's defense against the insider trading accusations?: Greg Gianforte stated that all his investments were managed through a blind trust, which is a financial arrangement where the assets are managed by an independent third party without the owner's knowledge or involvement in day-to-day decisions.

What was the initial response from Senator Burr's spokesperson when asked for comment by NPR?

Answer: An informal and dismissive reply ('lol').

When initially asked for comment by NPR, Senator Burr's spokesperson responded with 'lol' before providing a brief clarification.

Related Concepts:

  • What was the response from Senator Burr's spokesperson when asked for comment by NPR?: When asked for comment by NPR regarding alleged violations, Senator Burr's spokesperson initially responded with "lol" and then clarified that he was deeply concerned about the pandemic's toll on the economy as the situation evolved daily.

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