SEC warns on coronavirus insider trading after stock sales by NYSE chair, his wife Sen. Loeffler (R-GA), 3 other senators

  • The Securities and Exchange Commission on Monday issued a sharp warning against trading on non-public information related to the coronavirus —  a caution that came days after news of recent stock sales by the CEO of the New York Stock Exchange and his senator wife sparked widespread criticism and calls for investigations.
  • Those trades, involving sales of up to $3 million worth of securities, came in the weeks before stock market indices dramatically fell in value due to the coronavirus pandemic, and on the heels of a private, all-senators briefing on the virus outbreak from Trump administration officials that Loeffler attended on Jan. 24.

NOW: The Justice Department and the SEC just launched a probe of stock transactions made by senators ahead of the coronavirus outbreak.

For more information, click here.