Georgia Senator Kelly Loeffler to Liquidate, Convert Stock Shares

Move comes amid questions on trading amid coronavirus outbreak
Republican Loeffler locked in race to keep U.S. Senate seat

Kelly Loeffler arrives for a vote at the U.S. Capitol in March 23.Photographer: Al Drago/Bloomberg

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By Billy House

April 8, 2020 at 8:44 PM UTC

Updated on

April 8, 2020 at 9:16 PM UTC

This article is for subscribers only.

Senator Kelly Loeffler said Wednesday she and her husband are liquidating their investment portfolio following criticism of their sales and purchases of millions of dollars worth of stocks amid the coronavirus outbreak.

The Georgia Republican, who is running to keep her Senate seat in a Nov. 3 nonpartisan primary, announced in a Wall Street Journal opinion-page article that the couple’s stock holdings will be converted to mutual funds and exchange-traded funds to be controlled by third-party advisers.