U.S. Sen. Loeffler Will Liquidate Stock Portfolio After Scrutiny Of Stock Transactions

The PAC, Georgia United Victory, has spent at least $4 million on U.S. Sen. Kelly Loeffler’s behalf since it was created in July, although full details are not yet available.

Jacquelyn Martin / Associated PRess

U.S. Sen. Kelly Loeffler of Georgia and her husband are liquidating their managed stock portfolio after accusations that she, and other politicians, profited off inside information about the economic effects of the coronavirus pandemic.

Loeffler and her husband Jeffrey Sprecher, who is CEO of Intercontinental Exchange and chairman of the New York Stock Exchange, will transfer their assets into exchange-traded funds and mutual funds by the end of the week.

“Let me be clear: I do not have to do this,” Loeffler said in a statement.