Loeffler Turns Over Stock Transaction Records Amid Scrutiny Of Sales

Sen. Kelly Loeffler (R-GA) takes her seat for a Senate Health, Education, Labor and Pensions Committee hearing on March 3, 2020. (Photo By Bill Clark/CQ-Roll Call, Inc via Getty Images)
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May 15, 2020 9:38 a.m.

Sen. Kelly Loeffler (R-GA) gave documents on her stock transactions to the Department of Justice, along with the Securities and Exchange Commission and the Senate Ethics Committee, on Thursday.

A spokesperson for Loeffler told the Atlanta Journal-Constitution late Thursday that the documents prove the GOP senator and her husband “acted entirely appropriately” when they dumped millions in stock at the same time Loeffler was receiving private Senate briefings on COVID-19 right before the pandemic wrecked the U.S. stock market.

“The documents and information demonstrated her and her husband’s lack of involvement in their managed accounts, as well the details of those accounts,” said the spokesperson, who reportedly did not clarify whether the lawmaker had given up the records voluntarily. It is also unclear whether the feds have questioned or subpoenaed Loeffler. The senator’s office told the Atlanta Journal-Constitution earlier Thursday that the feds have not served her with any search warrants.

Loeffler’s colleague, Sen. Richard Burr (R-NC), is currently being investigated by the Justice Department over stock sales he’d made just before the market plummeted as a result of COVID-19. Like Loeffler, the North Carolina senator had received briefings on the outbreak behind closed doors as Senate Intelligence Committee chair.

Burr temporarily stepped down from his chairmanship of the Senate Intelligence Committee on Thursday after the FBI seized his cell phone in the Justice Department’s probe.

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