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Sen. Kelly Loeffler gave the feds records related to her stock trades amid questions about sales she made before the coronavirus hammered global markets, according to reports. The Georgia Republican forwarded documents to the US Department of Justice, the Securities and Exchange Commission and the Senate Ethics Committee, her office told media outlets in a …
Sen. Kelly Loeffler gave the feds records related to her stock trades amid questions about sales she made before the coronavirus hammered global markets, according to reports.
The Georgia Republican forwarded documents to the US Department of Justice, the Securities and Exchange Commission and the Senate Ethics Committee, her office told media outlets in a statement Thursday.
The records establish that Loeffler and her husband — New York Stock Exchange chairman Jeffrey Sprecher — “acted entirely appropriately and observed both the letter and the spirit of the law,” her office said. Stock trades Loeffler made after she attended a private coronavirus briefing in January have led to allegations of insider trading.
“The documents and information demonstrated her and her husband’s lack of involvement in their managed accounts, as well the details of those accounts,” a Loeffler spokeswoman told the Atlanta Journal-Constitution. “Senator Loeffler has welcomed and responded to any questions from day one.”
It’s not clear whether Loeffler provided the documents proactively or in response to requests from federal authorities. Spokespeople for the senator did not immediately respond to The Post’s request for comment Friday morning.
Loeffler sold millions of dollars in stocks from Jan. 24 through Feb. 14, shortly before the growing virus crisis caused a historic market crash. The senator has said she didn’t direct the trades, and she and Sprecher have since pledged to liquidate their individual stock portfolio.
Loeffler revealed she provided the feds documents on the same day that Sen. Richard Burr (R-N.C.) said he would step down as chairman of the Senate Intelligence Committee amid an FBI probe of his similarly timed stock transactions. The lawmaker dumped up to $1.7 million in shares on Feb. 13, roughly a week before the markets tumbled.
The FBI has also questioned Sen. Dianne Feinstein (D-Calif.) about stocks her husband sold in late January and February, her office said Thursday. Sen. Jim Inhofe (R-Okla.) also dumped shares in January; he has said he is not involved in his investment decisions.
