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Sanctions backer Frankel tells broker to unload $4,276 in Russian holdings in her IRA

by George Bennett | March 26th, 2014

Rep. Lois Frankel, D-West Palm Beach

U.S. Rep. Lois Frankel, D-West Palm Beach, who joined colleagues on the House Foreign Relations Committee Tuesday in approving a sanctions bill against Russia for its Ukrainian aggression, said today she has asked her broker to get rid of holdings in six Russian companies that a Morgan Stanley account manager purchased for her Individual Retirement Account.

The Russian holdings of Frankel and five other members of Congress were noted by The Huffington Post Tuesday.

“I support, and voted for, the bipartisan sanctions against Russia for their aggressive actions against Ukraine,” Frankel said in a statement released today.

“My holdings were purchased by a Morgan Stanley Account Manager, for many clients, long before the current crisis and are among hundreds of stocks in said portfolio that are managed by that manager. The total value of these Russian-related positions have a total value of $4,276. I have requested my broker to liquidate those interests forthwith,” Frankel said.

4 Responses to “Sanctions backer Frankel tells broker to unload $4,276 in Russian holdings in her IRA”

  1. FLAMINGOPKQUEEN Says:

    Thank you Lois for “dumping” the Russians…

  2. Charlie Says Says:

    You sure Putin didn’t dump her first

  3. Ted the Nimble Says:

    WOW LOW ASS..YOUR ABOUT AS SCARY AS BARAK HUSSEIN! PUTIN IS TREMBLING! YOU LIBS REALLY SHOWED HIM!!

  4. thurstonhowell3 Says:

    Ooooh, a whole $4,276. I bet that’s really making a financial impact on the Russian Federation.

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