Sen. Kelly Loeffler, in a fight to keep her U.S. Senate seat representing Georgia, is considering meeting with Securities and Exchange Commission regulators to seek a ruling that controversial trades she made in the early days of the coronavirus pandemic were legal, Fox Business reports.
Loeffler has insisted she did nothing wrong, especially since she personally made none of the trades, and used no information that wasn't publicly available from health experts. But the Republican incumbent has dropped in the polls both to Democrats and a GOP challenger, Rep. Doug Collins.
Loeffler and other members of the Senate came under fire after selling stocks following a closed-door Senate session on the coronavirus in January. Loeffler has insisted everything she has done was transparent, and that attacks on her are part of a "political attack."
Loeffler is married to Jeffrey Sprecher, chief executive officer of the Intercontinental Exchange, which owns the New York Stock Exchange. She was an officer as well and left with a golden parachute of $9 million when she was appointed to the Senate.
She was appointed to fill the seat by Gov. Brian Kemp in December following the retirement of Johnny Isakson, and is running in a special election.