Tag Archives: insider trading

The Washington Post reports: House Speaker Nancy Pelosi (D-Calif.) received a letter of resignation from Republican Rep. Chris Collins on Monday, a senior Democratic aide said. The resignation will be effective when the letter is officially filed at a scheduled House session Tuesday. Collins, President Trump’s first congressional supporter, is expected to plead guilty to insider-trading charges on Tuesday, following …

The Buffalo News reports: Rep. Chris Collins plans to change his not guilty plea in the criminal insider trading case against him, federal court records showed Monday morning. U.S. District Court Judge Vernon S. Broderick scheduled a court hearing in the case for Tuesday. Moments after that docket entry was filed, a second appeared, indicating that Collins’ co-defendants – his …

The Democrat & Chronicle reports: Indicted Congressman Christopher Collins has won reelection to the U.S. House of Representatives. He defeated challenger Nathan McMurray, who conceded the race around 11:06 p.m. McMurray, the Grand Island town supervisor, mounted his long-shot campaign earlier this year with scant expectation of winning. But in the aftermath of Collins’ indictment in August on federal insider …

CNN reports: A federal judge on Thursday set a trial date of Feb. 3, 2020, for the insider trading case in which Rep. Chris Collins, his son and another man are charged with securities fraud, wire fraud and false statements stemming from an alleged scheme centered on an Australian pharmaceutical company. Collins, a Republican from Western New York state who …

The Hill reports: Democrats are threatening to take the GOP to court to keep Rep. Chris Collins (R-N.Y.), who’s been charged with insider trading, on the November ballot. New York Democrats believe they have a better shot of flipping the ruby-red, Buffalo-area seat if the embattled congressman’s name stays on the ballot, and want to keep Republicans from replacing him …

CNBC reports: Rep. Chris Collins, one of President Donald Trump’s earliest backers in Congress, suspended his campaign on Saturday, in the wake of insider trading allegations that resulted in his dramatic arrest this week. In a statement, the embattled New York Republican who represents the state’s 27th Congressional district said that “after extensive discussions with my family and my friends …

CBNC reports: Rep. Chris Collins, R-N.Y., used campaign funds to pay legal bills while he faced investigation for alleged insider trading for more than a year. A federal criminal investigation culminated in his arrest Wednesday, but before that he was under scrutiny by congressional ethics investigators. Since July 2017, Federal Election Commission records show Collins’ campaign has been paying up …

The New York Times reports: In the not too distant future, Representative Chris Collins will likely have his day in court to answer the insider trading charges that were leveled against him on Wednesday, but the Republican lawmaker may well be judged sooner — by voters in November. A spokeswoman for the campaign arm of the Democratic Congressional Campaign Committee, …

Reuters reports: A federal jury in Brooklyn, New York today convicted two men for their roles in an international scheme to make millions of dollars by illegally trading on corporate press releases that were stolen by computer hackers before they became public. Vitaly Korchevsky, a Pennsylvania pastor and former Morgan Stanley (MS.N) vice president, and co-defendant Vladislav Khalupsky were each …

CNBC reports: Carl Icahn responded to his critics about his stock sales in Manitowoc amid the possible implementation of tariffs by President Donald Trump, an action that could raise costs for the maker of cranes. “We don’t generally comment on rumors, but the recent media speculation regarding our sale of Manitowoc stock calls for a response. We state for the …

USA Today reports: Congressional ethics investigators have concluded there is “substantial reason to believe” Rep. Chris Collins, R-N.Y.. engaged in insider trading and either took or requested official actions to benefit a company in which he’s the largest shareholder, according to a report issued Thursday. Those may violations of House rules, standards of conduct and federal law, the report states. …

Reuters reports: U.S. senator on Tuesday called for a criminal investigation of executives from credit bureau Equifax  for stock sales after a massive data breach this summer, and said their actions were comparable to insider trading. Senator Heidi Heitkamp, a Democrat who sits on the Senate Banking Committee, said it was “disturbing” that it appeared executives sold nearly $2 million …