New York GOP Rep. Chris Collins arrested for insider trading

10:26 AM ET Wed, 8 Aug 2018

Rep. Chris Collins, R-N.Y., has been arrested on insider trading charges lodged by the Justice Department, law enforcement officials said Wednesday morning. The indictment obtained from a federal grand jury also charges Collins' son, Cameron Collins, as well as the father of his son's fiancee, Stephen Zarsky. In June 2017, Collins allegedly passed nonpublic information about Innate Immunotherapeutics' drug trial results to his son in order to help him "make timely trades in Innate stock and tip others," according to the indictment.