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.
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.