• Rep. Chris Collins charged with insider trading, federal prosecutors announce

    2 monthes ago - By Washington Post

    The indictment is related to an Australian biotech company on whose board the congressman had served.
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  • Indicted Rep. Chris Collins shows why members of Congress should not trade stocks

    Indicted Rep. Chris Collins shows why members of Congress should not trade stocks

    2 monthes ago - By Business Insider

    Rep. Chris Collins, a prominent backer of President Donald Trump in Congress, has been indicted for insider trading , along with his son and his son's fiancée's father.
    Collins is on the board of an Australian pharmaceutical company. The SEC alleges he tipped his son about a failed clinical trial, and that the son and associates saved $750,000 by trading on the tip.
    This is a really stupid thing to allegedly have done.
    Why are members of Congress even allowed to trade stocks or sit on corporate boards? So they can pull this nonsense and get indicted?
    Every time I read a criminal complaint...
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  • Prosecutors say GOP congressman charged with securities fraud committed insider trading while he was at a White House picnic

    2 monthes ago - By Chron

    Chip Somodevilla/Getty Images
    The criminal indictment against Rep. Chris Collins alleges that he committed insider trading at the 2017 White House congressional picnic.
    Collins conveyed "material, nonpublic information" about an Innate Pharmaceutical drug failing a clinical trial via phone calls to his son, according to the criminal complaint.
    Collins, who represents New York's 27th congressional district, was charged with securities fraud, wire fraud, and lying to investigators by a federal grand jury on Wednesday.
    The federal grand jury indictment charging GOP Rep. Chris Collins of New...
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