Sen. Kelly Loeffler's Insider Trading EXPOSED

Sen. Kelly Loeffler's is under federal investigation for insider trading. John Iadarola and Jayar Jackson break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/

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Read more here: https://www.axios.com/kelly-loeffler-stock-trades-coronavirus-pandemic-b12e7ed7-ef14-4ede-9a33-758d4e9cdf51.html

"Sen. Kelly Loeffler (R-Ga.) and her husband, Jeffrey Sprecher, purchased and sold about $1.4 million in stock during the market panic set off by the coronavirus pandemic, the Wall Street Journal reports.

Why it matters: Though the couple still lost money, they were able to limit the financial blow from the stock market's worst month since October 2008.

Details: Loeffler reported that she and her husband bought $590,000 worth of stock and sold about $845,000 from Feb. 18 through March 13, according to WSJ's review of the senator’s financial disclosure.

- If they held the shares they sold until March 31, they would have been valued at $86,000 less than what they sold them for.
- The stocks they bought declined after they purchased them and resulted in losses of $102,000 through March 31.

Loeffler and her husband sold stocks in retail stores, such as Lululemon and T.J. Maxx, and invested a company that makes COVID-19 protective garments for medical workers, according to a review by the Atlanta Journal-Constitution.

Of note: Sprecher is the CEO of Intercontinental Exchange, which owns the New York Stock Exchange."

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Видео Sen. Kelly Loeffler's Insider Trading EXPOSED канала The Damage Report