Politics

Sen. Loeffler Says She Would Submit To Review Over Stocks That Were Sold

Another senator whose stocks were sold earlier this year before the stock market sharply declined sa..

Published

March 21, 2020

Another senator whose stocks were sold earlier this year before the stock market sharply declined said shed welcome an investigation into the sales.

Sen. Richard Burr (R-N.C.), the Senate Intelligence Committee chairman, told the Senate Ethics Committee that an independent investigation of sales he made are warranted. Sen. Kelly Loeffler (R-Ga.), the newest member of the body, said shes also welcome a probe into sales of her shares.

“Im happy to answer any and all questions and would submit to whatever review is needed,” she said on CNBCs “The Exchange.”

Loeffler said in a statement that investment decisions for her portfolio are made by third-party advisers. She wasnt informed of the sales and purchases until Feb. 16, three weeks after they were made.

“I am very confident that we have followed the letter and spirit of the law,” the senator said during her television appearance.

Loefflers husband, Jeff Sprecher, is CEO of the New York Stock Exchange and its holding company, Intercontinental Exchange.

Intercontinental Exchange said in a statement that the couples over two dozen transactions, which were mostly sales, were in compliance with the companys policies.

The sales started on Jan. 24, the same day most senators received a closed-door briefing about the threat of the new CCP virus, which causes the potentially deadly COVID-19 disease.

The Epoch Times refers to the novel coronavirus as the CCP virus because the Chinese Communist Partys coverup and mishandling allowed the virus to spread throughout China and create a global pandemic.

The sales totaled between $1.3 million and $3.1 million and included Exxon Mobil Corporation, a worldwide oil company, and Resideo Technologies, a company that makes smart home products.

Loeffler also bought several stocks, including up to $250,000 in Citrix shares, according to Senate disclosure forms. The company that sells software helping people working from home.

Loeffler described the activity as a mix of bRead More – Source
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