Part of COVID-19 pandemic in the United States, 2020 stock market crash | |
![]() US Capitol building, home of the US Congress. | |
Date | February, 2020 - January 19, 2021 |
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Location | United States Congress |
Cause | Participants' insider information of COVID-19 pandemic |
Participants | Multiple United States Senators, notably, Richard Burr, Kelly Loeffler, Jim Inhofe, Dianne Feinstein, David Perdue, John Hoeven |
Outcome | Millions of dollars of stock sold and purchased at the start of the COVID-19 pandemic |
Inquiries | No charges brought against participants and all investigations into senators closed |
The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting. The Department of Justice (DOJ) initiated a probe into the stock transactions on March 30, 2020. No charges were brought against anyone and all investigations into the matter are closed.