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Chris Collins settles civil insider trading charges with SEC

Former Congressman Chris Collins settled his civil insider trading charges with the Securities and Exchange Commission.

Our Buffalo affiliate is reporting that if approved by the courts, Collins will be barred from serving as an officer or director of any public company.

Collins is accused of tipping off his son, who then tipped off others, to non-public information about a drug company that Collins sat on the board of.

In January, he’ll be sentenced in his federal criminal case.

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