• MTLB
    • Apr 1
    • 1 min read

US Sen. Kelly Loeffler Traded $1.4 Million in Stocks During the Coronavirus Pandemic



According to a report in the Wall Street Journal, Sen Kelly Loeffler and her spouse traded about $1.4 million worth of vulnerable stock during the #Coronavirus pandemic, Loeffler and other public officials are facing accusations of insider trading.


Details:

Senator Loeffler (R-GA) and her husband sold stocks in retail companies such as Lululemon and T.J. Maxx and invested in a company that makes COVID-19 protective garments, per a report by the AJC.


  • Loeffler is one of the wealthiest politicians in Washington, her husband Jeffery Spencer, is the CEO of the Intercontinental Exchange and chairmen of the New York Stock Exchange.

  • The biggest trades reportedly included $18.7 million in sales of Intercontinental Exchange stock in three separate deals, AJC reporting.

  • CNN reported that Loeffler and her husband bought shares in Citrix, a software company used for cloud computing and teleconferencing.

  • Loeffler, who was appointed to her seat in the Senate, is running for reelection against Republican Congressmen Doug Collins.

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