Hoyos Decries TN Congressman’s Insider Trading
OPINION
Candidate for Congress Renee Hoyos asks elected officials to put people over personal profits.
KNOXVILLE, TN (April 3, 2020) – Community leader and clean water advocate Renee Hoyos is calling for a ban on members of Congress from trading individual stock while serving in office — in response to incumbent Congressman Tim Burchett selling thousands of dollars of stock while COVID-19 began to spread across the US.
According to a Congressional Financial Report, incumbent Congressman Tim Burchett sold all the individual stock he owned in the restaurant industry — one week after a closed-door Congressional briefing from White House officials about the spread of COVID-19 in the United States.
On February 5th, one week prior to Burchett’s divestment, all members of Congress were briefed about COVID-19 in a private meeting. On February 12th, Burchett sold between $1,000 and $15,000 worth of stock in Denny’s Corporation when it was trading at $20 a share. It is now trading at $6.57 a share. On February 13th, the day after Congressman Burchett sold his stock, he announced his Brietbart-informed boycott of Nike, with still no word on COVID-19.
“No member of Congress should buy and sell individual stock while serving in Congress. It is the definition of insider trading,” Hoyos said.
“Instead of preparing his constituents for COVID-19, Congressman Burchett first addressed his personal stock portfolio. Then, he voted against the bipartisan Families First Act that would provide relief for those impacted by COVID-19. Congress is supposed to serve the people – not profit off of secret information.”
Renee Hoyos is the Democratic candidate for Tennessee’s Second Congressional District in Congress in 2020.
For 14 years, Hoyos served as the executive director of the Tennessee Clean Water Network where she successfully sued corporate polluters, took on powerful special interests, advocated for major changes to government policy, and installed lead-free drinking water fountains at schools across Tennessee.
Learn more about Renee at http://www.HoyosforCongress.com.
Please explain exactly how Ms. Hoyos and the Enlightener know this. There is a public record of this transaction, right? I’m not calling you a liar, it’s just that this is such a serious charge.
Thank you for your concern. We make every attempt to verify the information printed. Documentation is provided in links in the second paragraph. Thank you for reading, and your comments.