a commercially available lock or whatever lock they had on it, we needed it, no one is being charged with a crime? i don t think that i don t think all of that will happen. i don t think that he will say anything about who will or will not be charged with a crime. i d just be surprised if that conclusion has been reached at this point. i also think that he will if he does go down this road he s going to address why a search warrant was necessary. it may not be in detail. i don t think he ll do anything to out any particular source or sources they had. but i do think that if he addresses this he has to address why they proceeded by way of search warrant and couldn t trust a subpoena to be the mechanism that was used. and then i think he s going to really assure people about the rule of law, about the system that s used, about the probable cause standard, about what a court needs to do, that it s not just the justice department, and assure people. and i think in many ways
senator richard burr in his senate office building last week had no interest in talking about his perfectly timed stock sales. senator burr? we are working with cnn. wanted to ask you about those stock trades back in february of 2020. um, you know, the scc says you have material nonpublic information. i didn t look what you put out. how is that not insider trading? reporter: what he put out in march of 2020 was his explanation for why he sold off more than $1.6 million in stocks weeks before the pandemic market crash. he claims he made the trades relying solely on public news reports. but the securities exchange commission isn t so sure and in october, publicly rehe leased details of an investigation of the senator and his politically connected brother-in-law for insider trading. according to the s.e.c., in early 2020, burr was getting
you have to look at what i put out. reporter: i did look at what you put out. how is that not insider trading? what he put out in march of 2020 was his explanation for why he sold off more than $1.6 million in stocks weeks before the pandemic market crash. he claims he made the trades relying solely on public news reports. but the securities exchange commission isn t so sure and in october, publicly released details of an investigation of the senator and his politically connected brother-in-law for insider trading. according to the s.e.c., in early 2020, burr was getting confidential briefings about the severity of the coronavirus in his positions on senate intelligence and health committees. according to a memo from attorneys for the s.e.c., on february 13th, 2020, senator burr possessed material non-public information concerning covid-19 and its potential impact on the u.s. and global economies. when he called his own stock broker at 8:54 a.m. directing
the market cratered. the senator selling up to $1.7 million in travel and hotel investments just a day after a closed-door briefing on the impact of the virus. burr has denied any wrongdoing and insists he made those decisions based on public news reports. allegations are troubling. reporter: but burr is not the only senator facing scrutiny for stock market trades as the crisis unfolded. dianne feinstein today saying she answered questions from the fbi and turned over documents she says show she had no involvement in her husband s transactions. senator loeffler, were you contacted by the fbi over your stock trades? reporter: senator kelly loeffler today not taking questions, but again denying any improper trading after selling off stocks the same day she was briefed on the virus back in january. loeffler, whose husband is the chair of the new york stock exchange, insisting their investments are handled by a third party, and she says she s not been served with any search warra
stock, including investments in the hotel and travel industries. as the situation grew worse, weeks later at a private event, burr shared a more dire warning in this audio obtained by npr. it is much more aggressive in its transmission than anything that we have seen in recent history. reporter: today burr said he relied solely on public news reports to guide his decisions. understanding how it might appear, he s now calling for the senate ethics committee to investigate. on the same day she was briefed on the virus, republican senator kelly loeffler also sold more than $1 million in holdings. the georgia senator, whose husband is the chair of the new york stock exchange, insists their investment decisions are made by third-party advisers without their knowledge. i have seen some of those stories. it s absolutely false and it could not be true. i am not involved in the decisions around buying and selling. reporter: there are also questions tonight about jim inhofe and dianne fe