Republican Congressman Chris Collins Charged With Insider Trading
On August 8, 2018 Republican Congressman Chris Collins was charged by federal prosecutors with insider trading after using private information to help family and friends avoid massive stock losses.
Collins, who sits on the board of Innate, an Australian biotech pharmaceutical company, learned of a failed drug trial from the company’s CEO and shared this information with others before the news went public to help them avoid more than $768k in stock losses.
Brendan Pierson, Jonathan Stempel. "Congressman Collins, son charged with insider trading." Reuters, 08 August 2018. Web. 25 August 2018.
Renae Merle and Mike DeBonis. "Rep. Chris Collins charged with insider trading, federal prosecutors announce." Washington Post, 25 August 2018. Web. 25 August 2018.
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