[SaraCarter] Georgia Sen. Kelly Loeffler and her CEO husband will liquidate their individual stock share positions, after more than a month of controversy over purchases and sales of millions of dollars of stocks during the onset of the coronavirus outbreak, but her Senate challenger’s campaign team says it’s nothing short of ’a guilty plea.’"She’s less credible than the Chinese government. Same advisors, different funds and no blind trust? We’re not buying it," said Dan McGlan, spokesman for Rep. Doug Collins
Loeffler issued her statement Wednesday in an opinion editorial submitted to the Wall Street Journal. Loeffler announced that she and her husband CEO Jeff Sprecher would be liquidating those stocks shortly after her interview with Fox Business host Maria Bartiromo and a day after SaraACarter.com published a story regarding her failure to name the broker of her stock portfolio.
Loeffler, however, continued to defend her stock sales and said that "I have never used any confidential information I received while performing my Senate duties as a means of making a private profit." She posted her opinion piece on Twitter with a statement saying "my husband and I are liquidating our holdings in managed accounts."
"I’m not doing this because I have to. I’m doing it to move beyond the distraction and put the focus back on the essential work we must all do to defeat the coronavirus," she added.