The Senator and her husband will shift to mutual funds and ETFs after selling off stock before the market crash.
Weeks before the pandemic crashed the market and after attending private meetings about the threat of the virus, Loeffler sold millions of dollars in stocks in retailers like T.J. Maxx, and bought shares in DuPont de Nemours, a personal protective equipment supplier, and Citrix, a teleworking software maker.
Meanwhile she downplayed both the threat of the virus and claims that the U.S. was unprepared for an oncoming pandemic. In the op-ed, Loeffler denied any wrongdoing and claimed her investments were managed by third-party advisers without their direct input, but she's taking the action"because the issue isn’t worth the distraction. My family’s investment accounts are being used as weapons for an assault on my character at a time when we should all be focused on making our country safe and strong."
Loeffler was appointed to the Senate seat by Governor Brian Kemp in December 2019 following the retirement of Johnny Isakson but faces an election to retain the seat in November. conducted by Battleground Connect for challenger House Representative Doug Collins last week showed Collins had a 23-point lead on Loeffler.has reportedly begun a probe into the stock transactions of some lawmakers, with the FBI already reaching out to Senator Richard Burr , who also heads the Senate Intelligence Committee.When news broke of Burr and Loeffler's initial sell offs, House Representative Alexandria Ocasio-Cortez called for Loeffler's resignation.
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