Matthew Sanderson Comments in WSJ on Senator Burr
Weeks before the new coronavirus pandemic sent the stock market plummeting, several members of Congress, their spouses and investment advisers each sold hundreds of thousands of dollars in stock after lawmakers attended sensitive, closed-door briefings about the threat of the disease.
. . .
Matthew Sanderson, a political ethics attorney for Caplin & Drysdale, said he advises his
congressional clients either to invest in mutual funds and 401(k)s, or turn investments over to
an adviser with a regime to separate the lawmaker for the decision-making.
Mr. Burr’s statement that he acted based upon what he heard from the news media, and not
what he learned as a committee chairman, could land him in hot water, Mr. Sanderson said.
“That’s pretty weak tea, as for defenses,” Mr. Sanderson said. “That really doesn’t pass muster.”
For the full article, please visit The Wall Street Journal’s website.