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 ...
thanx for the color
Republican senator Kelly Loeffler needs to resign. Then we need to make hard and fast laws against Congressional graft.
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could be the laws are there now.
just need to be enforced???
(seems to be a big problem in the swamp)
add to list:
financial advisor/broker must apply the “know your customer rule”
iow FA should know she is a US Senator on the intelligence committee & question the timing of this sell order.
in fact the broker could also be liable for trading on insider information, imo
She said she uses a third-party financial adviser to handle stock transactions.
(The bold is mine.)
How many weeks has the uni-party been exposed for this??? WTF AG Barr??? We Tax Payers are PAYING YOU for what? Oh don’t tell me. You are still looking into the Epstein SUICIDE no doubt!
WIKI-— 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.
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.
Excellent point..........add collusion to the charges.
Kemp sold the senate seat to Loeffler for $500,000. He had guaranteed a loan for that amount on a failing business. Right after she was appointed that business got bought out by Perdue Agra and then shortly after that bought by a compny her husband owns through ICE.
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.
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So, the stocks thar were sold were NOT held in a blind trust.
Sale would require their direction if using a third party broker.
Most brokerage accounts allow for self directed trading in your own account.
That would make matters even worse for the distinguished senator
Robert Menendez is an absolute scumbag. He continues as Senator.
DICK Blumenthal is a Stolen Valor scumbag. He continues as Senator.
Burr and Loeffler are INNOCENT until proven guilty of wrongdoing. Why the LYNCH Mobsters at FR are so willing to throw 2 Republicans under the bus make ZERO sense.
IF they are found guilty THAT will be the time to condemn them.
Congressmen write the laws that allow them to steal ...they just rename theft.
All 'laws' that allow these crooks to take bribes in the form of 'speeches' (for $10,000 a minute), book deals where the books don't even get printed, and stock tips, etc... need to looked at under a microscope.
Everyone in the world finds American politicians disgusting... constantly on the take... foreign governments have to hire people to sit in rooms and 'hear' the 'speeches'. It's nothing but a bribe by a different name.
Dump the scrawny witch!
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You're a smart guy. Look it up for yourself. Wiki draws a clear picture of her life.
You have a lot of it right already.
;-)
Already posted up thread by bitt
Sorry if I sounded nasty there. This whole virus nightmare has me near distraction.
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.... just big enough to accommodate them.
Was that at one time the biggest residential home in GA?
Those cases are different than stock trades in blind trusts.
Everyone in the world finds American politicians disgusting... constantly on the take... foreign governments have to hire people to sit in rooms and ‘hear’ the ‘speeches’. It’s nothing but a bribe by a different name.
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Right.
Most other countries consider bribes, kick backs & gifts as just normal cost of doing binez
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