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Loeffler under fire for stock trades amid coronavirus outbreak

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Loeffler under fire for stck tradeSen. Kelly Loeffler (R-Ga.) is under fire amid revelations that she unloaded seven-figures worth of stocks after a private Senate briefing on the coronavirus outbreak.

Loeffler, who's running for reelection in a must-win state for Republicans, has forcefully denied any wrongdoing, calling the suggestion that she used insider information to guide her investments “baseless and false.”

She and her husband Richard Sprecher, the chairman of the New York Stock Exchange, have said that the trades were made by third-party investment managers without their knowledge.

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