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Senate ethics panel drops inquiry into Loeffler stock trades

Win McNamee

The Senate Ethics Committee says it found no evidence of wrongdoing by Republican Sen. Kelly Loeffler of Georgia after looking into stock trades she made shortly before the coronavirus caused markets to plummet. 

Loeffler received a letter from the committee Tuesday saying it has dismissed the matter after finding she violated no federal laws or Senate rules. The Justice Department had also looked into Loeffler's trades and closed its investigation last month. Loeffler's office said in a statement the outcomes amount to a complete exoneration for Georgia's newest Senator. Loeffler took office in January after being appointed and must win election in November to keep the seat. Her opponents include GOP Rep. Doug Collins and Democratic pastor Raphael Warnock.