Georgia Sen. Loeffler gets renewed scrutiny over stock moves

  • 📰 ABC
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

The husband of Georgia Sen. Kelly Loeffler recently acquired as much as $415,000 in stock in DuPont de Nemours, a chemical company that manufactures protective equipment in high demand due to the coronavirus pandemic.

As Congress deals with the latest economic fallout from COVID-19 , there are reports that at least two senators sold off stocks after official briefings.

Senate Intelligence Committee Chairman Richard Burr, R-N.C., whose sales of as much as $1.7 million in stocks have come under the most scrutiny, requested an ethics review of his actions in the days before markets dropped in February. The FBI has also contacted him about the sale. He has denied trading on inside information.

“Her stock portfolio is managed independently by third-party advisors," said spokeswoman Kerry Rom. “Sen. Loeffler continues to operate with integrity and transparency –- following both the spirit and the letter of the law.” Tuesday's filing shows Loeffler's husband purchased anywhere between about $166,000 and $415,000 in DuPont, spread across four transactions in late February and early March. The company's website says “thousands of DuPont employees are working around the clock in all parts of the world to increase capacity of protective garments during this time of high demand."

Loeffler's husband, Jeffrey Sprecher, is chairman of the New York Stock Exchange. A separate disclosure made Tuesday reveals he recently sold between about $6 million and $30 million of stock in its parent company, Intercontinental Exchange. Loeffler, who also worked for Intercontinental Exchange, sold between $5 million and $25 million in stock from the company while exercising an option that gave her as much as $25 million more.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

A Trumpeteer

She is a crook. Her husband is a crook. And nothing will happen to either of them because they know people in high places. Sad reality. But true.

🤔 so did Nancy Pelosi's husband....but let's not digress 🙄

Lock that ass up 🔒⛓️

KEYTNC3CJ That is so sad.

So much for government ethics huh

Who else did he tell to invest there?

This people are heartless

Pelosi and her husband did the same thing, Insider trading is normal for democrats this is how they made there millions, Loeffler did more then this they just found out. Senate is looking in to this

Criminal crackers

oh, I'm sure he'll donate the profits. HAHAHAHA.

Yeah but her parents worked hard!

Shame . Public life - remember ?

What a happy coincidence!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sen. Durbin: Trump should use every power to help this nationSen. Durbin: 'If there was ever a moment in the history of the United States, where the president of the U.S. ought to use every power at his disposal to mobilize this nation ... this is that moment.' Asking for the moon, eh Senator? that would take personal power, all he has money and sycophants 😉 Yeah, give The Donald even MORE power. Dick!
Source: MSNBC - 🏆 469. / 51 Read more »

Sen. Schumer calls for 'military czar' to handle suppliesSen. Chuck Schumer, D-NY, calls on the WH to implement a member of the military to be put in charge of production and distribution of materials needed to combat the coronavirus. Sen. Schumer also discusses talking with the president.
Source: MSNBC - 🏆 469. / 51 Read more »

Sen. Harris: ‘Let’s meet the needs of the moment’Sen. Harris: “The vacuum of leadership here in Washington, D.C., has shifted basically leadership to our mayors, and our county officials and our governors.” Yea, just look at the state of affairs in California, New York. These governors chose to use funding for other things(solar) than keeping Emergency Operation Procedures up to date, making sure adequate emergency supplies. They have EOPs for mass casualties, contagious disease incompetentInChief Yeah. That is *HOW* it works.
Source: MSNBC - 🏆 469. / 51 Read more »

Highlighting Medicare for All, Sen. Bernie Sanders says people shouldn't 'have to worry' about health care amid coronavirusBernie Sanders responds to critics of his push for Medicare-for all amid coronavirus pandemic. “Should we put politics aside and all come together? Of course we should,” he says, but adds “in coming together,” we have to “guarantee health care to all.”
Source: ABC - 🏆 471. / 51 Read more »