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Coronavirus: Sen. Loeffler will sell all individual stocks
Sen. Kelly Loeffler of Georgia on Wednesday said that she and her CEO husband Jeff Sprecher will liquidate their individual stock share positions and related options after weeks of criticism of the couple for selling millions of dollars in stock amid the coronavirus pandemic.
Loeffler on Wednesday reiterated her defense of the prior stock sales as legally and ethically proper, and her claim that the couple’s trading was handled by third parties without her prior knowledge.
And she said that she and Sprecher, who is the chairman and CEO of Intercontinental Exchange, the company that owns the New York Stock Exchange, are selling off the individual shares not because she had to, but because she wanted to avoid further controversy.
The horse has already left the barn, imo.
Sen. Kelly Loeffler of Georgia on Wednesday said that she and her CEO husband Jeff Sprecher will liquidate their individual stock share positions and related options after weeks of criticism of the couple for selling millions of dollars in stock amid the coronavirus pandemic.
Loeffler on Wednesday reiterated her defense of the prior stock sales as legally and ethically proper, and her claim that the couple’s trading was handled by third parties without her prior knowledge.
And she said that she and Sprecher, who is the chairman and CEO of Intercontinental Exchange, the company that owns the New York Stock Exchange, are selling off the individual shares not because she had to, but because she wanted to avoid further controversy.
The horse has already left the barn, imo.