Politics

DOJ Drops Coronavirus Insider Trading Probe Into Senators Loeffler, Inhofe And Feinstein

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Henry Rodgers Senior Congressional Correspondent
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The Department of Justice on Tuesday will reportedly stop its investigation into three of the senators who sold off stocks early in the coronavirus pandemic.

Prosecutors are reportedly letting California Democratic Sen. Dianne Feinstein, Georgia Republican Kelly Loeffler, and Oklahoma Republican James Inhofe know that the investigation into their alleged insider trading, has been closed, The Wall Street Journal reported Tuesday.

Loeffler filed a Periodic Transaction Report (PTR) Friday, according to documents obtained by the Daily Caller, as she attempted to answer questions related to her financial transactions. (RELATED: EXCLUSIVE: Sen. Loeffler Files New Document Related To Pre-Planned Transactions)

Sen. Dianne Feinstein (D-CA) arrives at a weekly Senate Democratic Policy Luncheon at the U.S. Capitol February 5, 2019 in Washington, DC. (Photo by Alex Wong/Getty Images)

Loeffler announced last month that she was liquidating all of her individual stock shares after transactions that were made shortly after a closed door briefing on the coronavirus in late January raised eyebrows. This latest report includes three transactions, two of which come from her husband Jeff Sprecher, who is the chairman of the New York Stock Exchange. A PTR is required after a securities transaction over $1,000 is made. (RELATED: EXCLUSIVE: Sen. Kelly Loeffler To Leave Subcommittee To Avoid Potential Attacks And Distractions)

The DOJ has reportedly not stopped it’s investigation into Republican North Carolina Sen. Richard Burr, who sold millions of dollars worth of stocks after a closed-door Senate-only meeting previewing the impact of the coronavirus pandemic.

Burr reportedly sold nearly $1.5 million of his own stocks in February, shortly before hosting a private meeting with wealthy constituents where he detailed to them the possible impacts of the coronavirus, according to NPR.