Loeffler still owns millions in individual company stock

Source: ArcaMax - View Original Article
Published: May 05, 2020
Category:
Bias Rating:

64% Conservative


Bias Score Calculation:


Policies:

ICE

Sentiments

96% "The junior senator's most recent filing also provides insight into her family's vast wealth.""
88% "Loeffler went on to write: Although Senate ethics rules don't require it, my husband and I are liquidating our holdings in managed accounts and ..."
87% "The Georgia Republican holds between $5 million and $25 million in Intercontinental Exchange Inc.""
83% "It is a single company, based largely on the fortunes of the banking and investment industries.""
82% "Loeffler started selling off assets on Jan. 24, the same day White House officials briefed the Senate Health, Education, Labor and Pensions Committee about ..."
79% "It shows that she has yet to divest of ICE.""
78% "She made between $6,000 and $12,500 in capital gains from the company.""

We have listed the top 10 sentiments. More sentiments do exist. Please review the full article for more information.



*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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Contributing sentiments towards policy:

96% : The junior senator's most recent filing also provides insight into her family's vast wealth.
88% : Loeffler went on to write: "Although Senate ethics rules don't require it, my husband and I are liquidating our holdings in managed accounts and moving into exchange-traded funds and mutual funds," she wrote.
87% : The Georgia Republican holds between $5 million and $25 million in Intercontinental Exchange Inc.
83% : WASHINGTON -- Sen. Kelly Loeffler, who has been scrutinized for stock trades she made after a private briefing on the coronavirus, hung on to millions in corporate securities, her most recent financial filing shows.
83% : On April 8, Loeffler pledged in The Wall Street Journal that she and her family would sell their "holdings in managed accounts," which doesn't include executive compensation not held at an asset management firm -- such as ICE holdings.
83% : It is a single company, based largely on the fortunes of the banking and investment industries.
82% : Loeffler started selling off assets on Jan. 24, the same day White House officials briefed the Senate Health, Education, Labor and Pensions Committee about the coronavirus.
79% : It shows that she has yet to divest of ICE.
78% : Both Loeffler and her husband receive stock compensation from ICE.
78% : She made between $6,000 and $12,500 in capital gains from the company.
74% : In fact, when it comes to Loeffler, it is a family corporation," Holman said in a statement to CQ Roll Call.
73% : She is banking on the bank and investment industries, not the well-being of the economy as a whole."
70% : Loeffler -- who receives equity compensation from ICE -- made between $1 million and $5 million in capital gains and dividends from her ICE holdings, her filing shows.
68% : Loeffler's report, filed Monday, is a rundown of financial assets that is required by law for new members.
67% : Craig Holman, government affairs lobbyist at Public Citizen, said that in order to fulfill her pledge, Loeffler should divest herself of ICE.
65% : (ICE) corporate securities stock, a company led by her husband, Jeffrey Sprecher.
64% : The subhead in The Wall Street Journal reads: "But to end the distraction, my family will divest from individual stocks."
64% : "I will report these exiting transactions in the periodic transaction report I file later this month."
64% : Millions more in her stock sales emerged, according to a report by The Atlanta Journal-Constitution. Loeffler, who was appointed to fill the seat of Republican Johnny Isakson and took office this year, faces a special election for that seat in November.
62% : ICE is the company that owns stock exchanges and suppliers of market data.
60% : She has unloaded a significant portion of her individual stocks over the past year -- numbering in the hundreds -- including Abbott Laboratories stock options, a company that offers COVID-19 tests.
60% : House Minority Leader Kevin McCarthy, R-Calif., mentioned Abbott on Monday in an interview with Politico as a company that could offer coronavirus tests for members at the Capitol complex.
59% : "Maintaining investments in ICE is not in compliance with Loeffler's pledge to divest from individual stocks.
55% : Sprecher also owns a jet hangar in Atlanta, valued at more than $1 million.
51% : Sprecher, who also chairs the New York Stock Exchange, has at least $10 million in ICE securities stock and options.
50% : She has reserved about $4 million in advertising in Georgia that pushes back on criticism on the stock transactions, The Atlanta Journal-Constitution reported.
36% : This includes businesses involved in global securities, futures and options trading, making them a crucial underpin of financial market infrastructure.
30% : Loeffler made $3.58 million as a member of the executive leadership team at ICE, and as CEO of Bakkt LLC, a subsidiary of ICE.
20% : ICE stocks pose the exact same conflicts of interest posed by Loeffler's other individual stock investments.
19% : Loeffler went on to sell more than $1 million in stock, according to The Daily Beast.
17% : "I'm letting what she has said speak for itself," said Stephen Lawson, Loeffler's spokesperson, referring to the Wall Street Journal opinion piece she authored.
16% : She lists a jointly owned secondary residence in Boca Raton, Fla., valued at between $5 million and $25 million.
10% : "ICE stocks do not qualify as a diverse mutual fund.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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