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After Loeffler and her husband were caught dumping stocks following private all-Senate briefing, SEC issues warning while refusing to say whether Loeffler is under investigation
ATLANTA — Today the SEC “issued a sharp warning” for investors against using “nonpublic information” on the coronavirus outbreak “and to comply with the prohibitions on illegal securities trading” — coming just days after bombshell reports that Senator Kelly Loeffler and her husband NYSE Chairman Jeffrey Sprecher dumped millions worth of stock following a private all-Senate briefing.
In addition to their warning, the SEC also “declined to comment when asked if the new statement was spurred by last week’s news about recent trading by Sprecher and Loeffler, and whether the SEC is investigating those trades.”
Loeffler has already faced multiple calls from political leaders and the editorial boards of the New York Times and the Savannah Morning News to be investigated at the highest level as a result of her scandal, “and, if warranted, [to] refer relevant findings for criminal prosecution.”
Loeffler and Sprecher sold off millions worth of stock following her private briefing on the coronavirus — but she publicly insisted “the economy is strong” in response to the threat of the virus.
Read more about this shocking warning from the SEC following Loeffler and Sprecher’s scandal:
CNBC: SEC warns on coronavirus insider trading after stock sales by Sen. Loeffler and NYSE chief husband raise eyebrows
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