![]() ![]() defense contractor, that would have raised questions about conflicts of interest. The senator also said he asked his financial adviser in December 2018 to reverse a purchase of stock in Raytheon, a U.S. ![]() Inhofe’s financial disclosures show a steady stream of stock sales throughout 2019 and into early 2020. My advisor has been doing so faithfully since that time and I am not aware of or consulted about any transactions,” Inhofe said. “I instructed my financial advisor to move me out of all stocks and into mutual funds to avoid any appearance of controversy. Inhofe added that he does not “have any involvement in my investment decisions” and instructed his financial adviser in December 2018 to begin selling all of his stock holdings two months after he was elected chairman of the Senate Armed Services Committee. 24, and instead met with children from Oklahoma who were in Washington, D.C., for the annual March for Life and with the nominee to be U.S. Inhofe said in a statement Friday that he did not attend the Senate coronavirus briefing on Jan. 20, four days before the stock market crashed. Inhofe also sold at least $50,000 in stock in an asset management company on Feb. 27, days after the Senate’s coronavirus briefing, according to Senate records. Inhofe sold at least $180,000 in stocks on Jan. Loeffler is facing a tough election race this year, which includes a challenge from Rep. Loeffler was among several Republican senators who tamped down concerns about the administration’s response to the coronavirus outbreak while selling stocks that soon plunged within weeks of the disease spreading within the U.S. Investment decisions are made by multiple third-party advisors without my or my husband’s knowledge or involvement. I do not make investment decisions for my portfolio. This is a ridiculous and baseless attack. Investment decisions are made by multiple third-party advisors without my or my husband’s knowledge or involvement,” Loeffler tweeted. I do not make investment decisions for my portfolio. “This is a ridiculous and baseless attack. Loeffler said in a pair tweets Friday that she doesn’t control her and her husband’s financial assets and was informed of the sales on Feb. The sales, worth at least $1.2 million together, saved Loeffler and her husband from steep losses they would have incurred after the stock market’s crash began Feb. but nearly two weeks before community spread of the disease was confirmed within the country. 5-14, just days after the first confirmed coronavirus cases emerged in the U.S. ![]() The senator and her husband also sold $890,000 in stocks from Feb. ![]() 24-31, according to Senate records, after the coronavirus briefing hosted by the Senate Health and Foreign Relations committees. Loeffler and her husband, who is the chairman of the New York Stock Exchange, sold at least $355,000 in stocks from Jan. The sales raise questions about whether the senators violated the STOCK Act, a law that bans members of Congress from making financial trades based on nonpublic information. 24 with Trump administration officials on the threat of the coronavirus outbreak. Kelly Loeffler (R-Ga.), James Inhofe (R-Okla.), Dianne Feinstein (D-Calif.) and Richard Burr (R-N.C.) each sold hundreds of thousands of dollars in stocks within days of the Senate holding a classified briefing on Jan. Four senators sold stocks shortly after a January briefing in the Senate on the novel coronavirus outbreak, unloading shares that plummeted in value a month later as the stock market crashed in the face of a global pandemic.Īccording to financial disclosure forms, Sens. ![]()
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