The recent sale included three separate transactions amounting to a whopping 18.7 million in Intercontinental Exchange stock, according to the report. Notably, her husband, Jeff Sprecher is the CEO of Intercontinental Exchange, Inc. (ICE) and Chairman of the New York Stock Exchange.
Additionally, the filings revealed that the Senator sold stocks she had in two major retailers, Lululemon and T.J. Maxx, and invested in COVID-19 protective gear.
The news of the recent transactions comes as the lawmaker faces scrutiny for alleged insider trading that occurred in the first few weeks of 2020. The earlier financial decisions were made after Loeffler received a private briefing just before the coronavirus shut down the American economy. However, Loeffler, who is a former investment professional, has denied those claims saying she didn’t have knowledge of the sale.
“Senator Loeffler filed another Periodic Transaction Report (PTR) and the facts are still the same. These transactions are consistent with historical portfolio activity and include a balanced mix of buys and sells. Her stock portfolio is managed independently by third-party advisors and she is notified, as indicated on the report, after transactions occur,” a Spokesperson for Sen. Loeffler told SaraACarter.com on Wednesday.
The comment continued, “Sen. Loeffler continues to operate with integrity and transparency – following both the spirit and the letter of the law. While some will continue to make baseless accusations devoid of facts, Senator Loeffler will continue working to keep Americans safe and provide much-needed relief to Georgia families and businesses impacted by COVID-19.”
Sens. Dianne Feinstein, D-CA, Richard Burr, R-NC, James Inhofe, R-OK face similar fire for making stock sales after receiving the same briefing. Earlier this week, Burr’s lawyers said he would be willing to participate in an “inquiry” into the stock sales as the Justice Department prepares for an investigation, according to reports.
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Trump, Rep Biggs: invoking the Alien Enemies Act to enable widespread deportation will ‘be necessary’
At a recent rally in Iowa, former President Donald Trump promised that if elected again in 2024, he would invoke the Alien Enemies Act to enable widespread deportation of migrants who have illegally entered the United States. Since President Joe Biden took office in January of 2021, over 6 million people have illegally entered the country.
Republican Representative Andy Biggs from border state Arizona, which is among the states suffering the greatest consequences from the Biden administration policies, lamented that Trump’s suggestion will be “necessary.”
Speaking on the “Just the News, No Noise” television show, Biggs stated “[I]t’s actually gonna have to be necessary.” Biggs then added his thoughts on how many more people will continue to cross the border under Biden: “Because by the time Trump gets back in office, you will have had over 10 million, in my opinion, over 10 million illegal aliens cross our border and come into the country, under the Biden regime.”
“And so when you start deporting people, and removing them from this country, what that does is that disincentivizes the tens of thousands of people who are coming,” Biggs went on. “And by the way, everyday down in Darién Gap, which is in Panama… over 5,000 people a day. [I] talk[ed] to one of my sources from the gap today. And I will just tell you, those people that you’ve seen come come in to Eagle Pass, over 7,000 in a three day period, most of those two weeks ago, were down crossing into the Darién Gap.”
“And those people… make their way up and they end up in the Eagle Pass [Texas], Del Rio area,” he continued. “So if you want to disincentivize them, you remove them from the country, which is why they remain in Mexico policy was so doggone effective at slowing down illegal border crossings.”
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