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Stock exchange firm defends sales by CEO, Loeffler

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The company that owns the New York Stock Exchange and other equity marketplaces on Friday defended stock sales of millions of dollars of shares by its CEO and his U.S. senator wife after she received a private Congressional briefing about the coronavirus outbreak.

Intercontinental Exchange said in a statement that the transactions by its chairman Sprecher, and his wife, Republican Sen. Kelly Loeffler of Georgia, were “in compliance” with company policies.

Sprecher and Loeffler in a series of trades sold stocks from their accounts in late January and into February, after Loeffler and other senators received a private briefing from Trump administration officials about coronavirus on…



Source cnbc.com

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