Loeffler and her much older and shorter husband Jeffrey Sprecher.....NYSE president.
Posted on 04/01/2020 9:41:41 AM PDT by C19fan
Georgia Republican Sen. Kelly Loeffler traded millions in stocks in the days after a closed Senate briefing on the coronavirus – and dumped holdings in retail stores that have been battered by the pandemic. The wealthy Loeffler, who was appointed to her seat and is married to the president of the New York Stock Exchange, sold $18.7 million in International Stock Exchange, according to information her office shared with the Atlanta Journal Constitution. That is the company that owns the New York Stock Exchange. The trades came Feb. 26 and March 11, as the virus spread but the broader public was still learning about the extent of the danger to both people and the world economy.
(Excerpt) Read more at dailymail.co.uk ...
do that and dems will control the senate too-to be fair she didn’t do the trading , its in a blind trust
The optics are terrible. The GOP will lose the seat if she wins the primary and does not resign.
Her Appointment by GA Governor was LUDICROUS on its face, and this kind of crap is exactly why.. She needs jailed, every ounce of profit from the sale and earnings on its transferred stock, and She should pay a fine of at least that same amount and jail time.. and IMPEACHED and banned from ever holding a public office for the rest of their lives
As well as EVERYONE ELSE OF BOTH PARTIES WHO PULLED THIS CRAP
Loeffler and her much older and shorter husband Jeffrey Sprecher.....NYSE president.
Either she (or her husband) actually placed an order to sell or buy a stock or she didn't; the headlines state that "she" sold the stock, but in the article she states that a financial adviser placed the trades.
If she has no authority to actually enter an order in her account, then it's incumbent upon the SEC or FINRA to demonstrate that her financial adviser had received an instruction from her to sell or buy a stock before any charges of wrongdoing can be made; without this, the story is nothing more than noise to try and fill a 24-hour news cycle that's constantly looking for filler.
Sixty-five y/o NYSE president Sprecher has been married to U.S. Senator Kelly Loeffler since 2004.
They reside in Tuxedo Park, Atlanta in a $10,500,000, 15,000 square foot estate called Descante.
On March 19, 2020, the public release of federal financial-disclosure documents revealed that Sprecher and his wife, U.S. Senator Kelly Loeffler (R-Georgia), dumped millions of dollars of stock the couple owned in companies vulnerable to the COVID-19 pandemic.
The sales began the same day Loeffler and other senators received a private briefing from federal officials about the looming crisis.[10]The documents also showed that the couple purchased stock in a company that would potentially benefit from the shelter-in-place orders that have since been implemented throughout the United States to prevent the spread of the virus.
The company, Citrix, specializes in teleworking software.[10]. The Stop Trading on Congressional Knowledge Act (STOCK Act) prohibits members of Congress from using nonpublic information they receive as part of their official duties to buy or sell securities.[11] At least some of the stocks that Loeffler sold were owned jointly with Sprecher and would have required his knowledge and authorization to sell, documents show.
On March 20, 2020, the consumer advocacy group Common Cause filed complaints against Sprecher and Loeffler with the SEC, the Senate Ethics Committee, and the DOJ, requesting from the latter a criminal investigation of the couple for violations of the STOCK Act.
Hello Doug Jones. Future senator.
Perhaps his assets (such as jewels, etc.) are hidden.
Collins. Wrong name. Geez
Heh.............
Republican senator Kelly Loeffler needs to resign. Then we need to make hard and fast laws against Congressional graft.
Yes, this is ridiculous. I am not a big fan of this woman and I don’t think she should have been selected for this job but I can tell you that the business world has excellent intel of its own and it’s likely that whoever managed her account has access to this information independently. She is entitled to a presumption of innocence as are the rest.
This is why politicians will spend MILLIONS trying to get elected to the .fedgov
They see it as a good return on investment.
Is there ANY politician out there who isn’t corrupt, who’s not on the take, and who cares about the constituents?
Financial Advisor duties and responsibilities
Understand clients’ financial needs
Determine clients’ expenses, level of income, insurance coverage, their financial objectives and goals, tax status and risk tolerance
Answer clients’ questions and address concerns
Give advices to clients about insurance coverage, investment planning, cash management or any other areas in order to help them reach their financial goals
Regularly review clients’ bank and other accounts and analyze their financial data to understand if life or economic changes are necessary to reach their financial goals.
Preparing or interpreting financial document summaries, investment performance reports and income projections for clients.
Manage and regularly update clients’ portfolios.
Continuous communication with clients’ to stay up to date with their financial status
Building and maintaining client base.
Financial Advisor requirements and qualifications
Bachelor’s degree in business, finance or related field.
1-2 years of experience as a Financial Advisor or similar role
Must have current FINRA Series 7 and 63 Securities Registration (66 or 65 preferred)
Life and health license
Valid driver’s license
Knowledge of securities and insurance industries
Proficient in Word, Excel, Outlook and PowerPoint
Sense of ownership and pride in your performance and its impact on company’s success
Critical thinker and problem-solving skills
Team player
Good time-management skills
Great interpersonal and communication skills
At least some of the stocks that Sen Loeffler sold were owned jointly with her husband
and would have required his knowledge and authorization to sell, documents show.
The Sprecher/Loeffler estate.
The trades in ICE stock are most likely coincidental. Most employees of financial companies can only trade their shares in certain windows (e.g., not around the time of a financial report). Plus, ANY trade by a board member (like her husband) would be subject to pre-approval by the company’s legal department and enhanced reporting to the SEC. None of that is going to be overnight.
2 men?
well there you go!
good job bitt!
hail yeah he looks good.......half a billion on paper
It’s a poorly-written article, to say the least.
Either she (or her husband) actually placed an order to sell or buy a stock or she didn’t; the headlines state that “she” sold the stock, but in the article she states that a financial adviser placed the trades.
xxxxxxxxxxxxxxxxxxxx
acually both could be true.
she could place an order to sell, but the licensed financial advisor (broker) would execute the trade orders
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