At least four senators are under fire for selling significant amounts of stock weeks before the coronavirus pandemic sent the market into freefall.
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A handful of U.S. senators, who faced mounting criticism for selling off personal stocks before a coronavirus-driven market crash, could draw legal scrutiny beyond an Ethics Committee review requested by a Republican lawmaker swept up in the controversy, analysts said Friday.
While the four lawmakers have denied any misconduct, former federal prosecutors and legal analysts said the Securities and Exchange Commission, along with federal prosecutors could end up examining the transactions – some of them involving millions of dollars.
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