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To: circlecity

Every article I’ve read clearly states DiFi has a blind trust, and mentions Loeffler’s trades as handled by ‘a third party’.

Here’s one such article...

...Loeffler and her husband, Jeffrey Sprecher, chairman of the New York Stock Exchange, sold stock Jan. 24, the same day she sat in on a briefing from two members of Trump’s Coronavirus Task Force, The Daily Beast reported.

Between that day and Feb. 14, the couple sold stock worth a total between $1.2 million and $3.1 million, the report said. In addition to the sales, they also purchased stock in a maker of software that helps people work at home – just before millions of Americans were forced to leave their offices because of the outbreak, the report said.

Loeffler slammed the Daily Beast report as a “ridiculous and baseless attack” in a pair of late-night tweets.

“This is a ridiculous and baseless attack. I do not make investment decisions for my portfolio. Investment decisions are made by multiple third-party advisors without my or my husband’s knowledge or involvement,” Loeffler wrote. “As confirmed in the periodic transaction report to Senate Ethics, I was informed of these purchases and sales on February 16, 2020 — three weeks after they were made.”

In an interview Friday with Fox News’ Ed Henry, Loeffler again said any claim of insider trading is “absolutely false.”

She added, “I’m not involved in the decisions” of buying and selling, while saying she’d cooperate if any investigation is launched....

https://www.foxnews.com/politics/dianne-feinstein-3-senate-colleagues-sold-off-stocks-before-coronavirus-crash-reports

Here’s another....

....What they’re saying: Loeffler has maintained that she did nothing wrong and that she and her husband do not have control over day-to-day trades, which are managed by third-party advisers....

https://www.axios.com/kelly-loeffler-stock-trades-coronavirus-pandemic-b12e7ed7-ef14-4ede-9a33-758d4e9cdf51.html

The article you linked is the only one I’ve seen that catagorizes hers, and Inhofe’s trades, as being in blind trusts.

Could just be writing styles? Not sure, but interesting.

I don’t think blind trusts, nor ‘third party’ trade managers are an excusee for ANY sitting member of Congress to use. It’s still insider trading, IMO.


47 posted on 05/27/2020 6:15:30 AM PDT by Jane Long (Praise God, from whom ALL blessings flow.)
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To: Jane Long

The trustee of a blind trust, and their agents, ARE 3rd party managers.


50 posted on 05/27/2020 6:35:53 AM PDT by circlecity
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