The husband of Georgia Sen. Kelly Loeffler recently acquired as much as $415,000 in stock in DuPont de Nemours, a chemical company that manufactures protective equipment in high demand due to the coronavirus pandemic.
As Congress deals with the latest economic fallout from COVID-19 , there are reports that at least two senators sold off stocks after official briefings.
Senate Intelligence Committee Chairman Richard Burr, R-N.C., whose sales of as much as $1.7 million in stocks have come under the most scrutiny, requested an ethics review of his actions in the days before markets dropped in February. The FBI has also contacted him about the sale. He has denied trading on inside information.
“Her stock portfolio is managed independently by third-party advisors," said spokeswoman Kerry Rom. “Sen. Loeffler continues to operate with integrity and transparency –- following both the spirit and the letter of the law.” Tuesday's filing shows Loeffler's husband purchased anywhere between about $166,000 and $415,000 in DuPont, spread across four transactions in late February and early March. The company's website says “thousands of DuPont employees are working around the clock in all parts of the world to increase capacity of protective garments during this time of high demand."
Loeffler's husband, Jeffrey Sprecher, is chairman of the New York Stock Exchange. A separate disclosure made Tuesday reveals he recently sold between about $6 million and $30 million of stock in its parent company, Intercontinental Exchange. Loeffler, who also worked for Intercontinental Exchange, sold between $5 million and $25 million in stock from the company while exercising an option that gave her as much as $25 million more.
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