Loeffler’s husband and chair of the NYSE dumped millions in shares of their own company after Senate briefing
ATLANTA — New reporting reveals that unelected “political mega-donor” Senator Kelly Loeffler was not the only member of her family to sell off millions of dollars worth of stocks following a Senate briefing on coronavirus. Her husband — chairman of the New York Stock Exchange (NYSE) Jeffrey Sprecher — also appeared to take “advantage” of his “privileged position,” selling off millions worth of shares of their company after Loeffler had her private Senate briefing.
But even after she and her husband dumped millions in stock, “Loeffler publicly downplayed the risks to public health,” instead claiming that “the economy is strong” even while they were selling off stock during a market collapse.
Unlike another Republican colleague facing similar questions about stock sales following the coronavirus briefing, Senator Loeffler has not called for a Senate Ethics Committee investigation of her own transactions. The New York Times called for such an investigation in an editorial, writing “Senate should initiate an ethics investigation of all accusations, and, if warranted, refer relevant findings for criminal prosecution.”
Read more about Loeffler and Sprecher’s “appalling” stock-sell-offs:
April 9, 2020
April 9, 2020
April 8, 2020