Atlanta Journal-Constitution: Senate ethics panel dismisses insider trading complaints against Loeffler

Atlanta Journal-Constitution: Senate ethics panel dismisses insider trading complaints against Loeffler

Beth Rotman of Common Cause said the issue highlights the need for Congress to pass a law requiring its members to park their wealth in blind trusts while they are in office. “Sen. Loeffler, together with other congresspeople, should have all of their stocks in blind trusts so that everyday Americans do not have to guess about whether their representatives are putting their own interests over the interests of their constituents,” said Rotman, the organization’s director of money in politics and ethics.

The U.S. Senate Ethics Committee has dismissed complaints from watchdog groups questioning whether Sen. Kelly Loeffler engaged in “potential insider trading” after reviewing recent stock trades made on her behalf. …

The dismissal of the complaints, filed by Common Cause and Citizens for Responsibility and Ethics in Washington, comes weeks after the Department of Justice also closed an investigation into Loeffler’s stock transactions, leading her  supporters to declare “vindication.”  …

Beth Rotman of Common Cause said the issue highlights the need for Congress to pass a law requiring its members to park their wealth in blind trusts while they are in office.

“Sen. Loeffler, together with other congresspeople, should have all of their stocks in blind trusts so that everyday Americans do not have to guess about whether their representatives are putting their own interests over the interests of their constituents,” said Rotman, the organization’s director of money in politics and ethics.