Second GOP Senator Dumped Stocks Amid Assurances

The Daily Beast reports:

The Senate’s newest member sold off seven figures’ worth of stock holdings in the days and weeks after a private, all-senators meeting on the novel coronavirus that subsequently hammered U.S. equities.

Sen. Kelly Loeffler (R-GA) reported the first sale of stock jointly owned by her and her husband on Jan. 24, the very day that her committee, the Senate Health Committee, hosted a private, all-senators briefing from administration officials, including the CDC director and Anthony Fauci, the head of the National Institute of Allergy and Infectious Diseases, on the coronavirus.

“Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak,” she tweeted about the briefing at the time.

EXCLUSIVE: Georgia Senator Kelly Loeffler sold off seven figures worth of stock holdings after a private meeting on the novel coronavirus https://t.co/0g4J9PubxG

— The Daily Beast (@thedailybeast) March 20, 2020

Loeffler sold her stock after briefing January 24. Here’s how Trump was tweeting on January 27. Imagine if – instead of looking out for themselves – the four known insider-trading Republican senators had spoken for their constituents and country https://t.co/9bK9DJ6FqX

— David Frum (@davidfrum) March 20, 2020

Seems like a good time for a reminder that when @JoeBiden first ran for office he pledged not to own a single share of stock so long as he held public office. He kept that promise for his entire political career. Honesty and ethics matter.

— Andrew Weinstein (@Weinsteinlaw) March 20, 2020

Several U.S. Senators appear to have committed not just felonious insider trading but a lethal variety. Grotesque. https://t.co/NDnTMer7A1

— Laurence Tribe (@tribelaw) March 20, 2020

One other data point: Loeffler had not made a single stock transaction during the three weeks she served in office prior to this one. This was her first. The day she got the coronavirus briefing. https://t.co/71ZojVAfaS

— Sam Stein (@samstein) March 20, 2020

The only reason we know about Burr and Loeffler is they have to report their trades.

The president and his families finances are largely secret. His friends at Mar-a-lago’s trades are secret. If you think none of them are in on the graft I have a Trump steak to sell you.

— Tim Miller (@Timodc) March 20, 2020

“One of Loeffler’s two purchases was stock worth between $100,000 and $250,000 in Citrix, a technology company that offers teleworking software”

Welcome to private life, Senator https://t.co/wSzIauSzsN

— Preet Bharara (@PreetBharara) March 20, 2020

Sen. Burr and Sen. Loeffler apparently sold large sums of stock after the Senate HELP Committee they’re on was briefed about the coming coronavirus crisis.

We need to know if anyone else on the committee did the same.https://t.co/smEA628AvD

— Kevin M. Kruse (@KevinMKruse) March 20, 2020

Loeffler is a former executive at Intercontinental Exchange, the company that owns the New York Stock Exchange. Her husband is the CEO of the company. https://t.co/lSPWfoHyc3

— Renato Mariotti (@renato_mariotti) March 20, 2020