Senate Ethics Committee dismisses stock trading complaint against Loeffler

The Senate Ethics Committee has dismissed complaints that Sen. Kelly Loeffler (R-Ga.) allegedly engaged in insider trading, following a review of  stock trades made on her behalf as the coronavirus started to spread across the U.S. 

The committee “did not find evidence that your actions violated federal law, Senate rules, or standards of contact,” Deborah Sue Mayer, the committee’s chief counsel, wrote to Loeffler, according to Fox News. “Accordingly, consistent with its precedent, the committee has dismissed this matter.”

Loeffler is among four senators being investigated for having bought and sold large amounts of stocks after taking part in a close-door briefing on the virus. 

The ethics committee’s decision of Loeffler, seeking reelection this year, follows the Justice Department dropping its investigation of her and Sens. Dianne Feinstein (D-Calif.) and Jim Inhofe (R-Okla.) The department has not made an announcement on its probe on the fourth lawmaker – North Carolina GOP Sen. Richard Burr, chairman of the Senate Intelligence Committee. 

Loeffler has since the beginning of the incident maintained that she had done nothing illegal. She said her investment adviser made the trades.