Ex-U.S. congressman, son and associate settle insider trading case with SEC


FILE PHOTO: Chris Collins, former U.S. Representative for New York’s 27th congressional district departs after pleading guilty at Federal Court in New York City, New York, U.S., October 1, 2019. REUTERS/Lucas Jackson

WASHINGTON (Reuters) – Former U.S. Representative Chris Collins of New York, his son and an associate settled insider trading charges with the Securities and Exchange Commission, the agency said in a statement on Monday.

The settlement bars Collins, an early backer of President Donald Trump, from serving as an officer or director of a public company. It requires his son, Cameron Collins, and associate Stephen Zarsky to disgorge the losses they avoided as a result of their insider trading, $634,299 and $159,880, respectively.

Chris Collins pleaded guilty in a New York City court to charges of conspiracy and making false statements to investigators in October, the day after he resigned his seat in the U.S. House of Representatives.

Reporting by Chris Prentice in Washington; Editing by Matthew Lewis

Products You May Like

Articles You May Like

Prepare to study in Canada
Study permit: Who can apply
Start-Up Visa Canada: Complete SUV Guide for 2024
Canada’s International Students Not Meeting Labour Market Requirements  
Immigrant Parents And Their Adult Children More Likely To Own Homes In Canada
Canada Targets Employers Who Break Temporary Foreign Worker Program Rules
3 Must-dos for Newcomers to Succeed Financially in Canada

Leave a Reply

Your email address will not be published. Required fields are marked *