Former U.S. Senator says SEC has closed probe concerning him without action -statement

NEW YORK (Reuters) - Former U.S. Senator Richard Burr said in a statement on Friday that the U.S. Securities and Exchange Commission informed him this week it has concluded investigation concerning him with no action.

U.S. authorities investigated Burr, a North Carolina lawmaker who did not seek reelection last year, for his stock trades before the downturn caused by the coronavirus pandemic.

(Reporting by Nate Raymond; Writing by Chris Prentice, Editing by Franklin Paul)