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.
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