Rep. Chris Collins (R-NY), Associates, Arrested on Insider Trading Charges

A good explanation as to why insider trading should not be a crime. 

Rep. Chris Collins, a Republican Congressman from New York, was arrested today along with his son and the father of his son’s fiancee for various crimes associated with the insider trading of stock in Innate Immunotherapeutics. The U.S. Attorney’s office for the Southern District of New York claim in an indictment that Collins, who was on Innate’s board of directors, learned about a failed clinical trial in June 2017 involving their primary drug in development, which was intended to treat multiple sclerosis.

Source: Rep. Chris Collins (R-NY), Associates, Arrested on Insider Trading Charges

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