The Washington Post: Republican Rep. Chris Collins resigns House seat ahead of guilty plea to insider-trading charges

Insider Trading is forever associated in my mind with #MarthaStewart. Seldom do you hear a big deal made out of it unless great losses are at stake. My only question concerning this matter is will Collins serve as much time as Stewart.

Rep. Chris Collins, R-N.Y., has sent a letter to House Speaker Nancy Pelosi’s office stating that he is resigning his House seat, a source familiar with the matter tells NBC News.

Collins’ resignation comes ahead of his expected guilty plea Tuesday to charges relating to insider trading, according to documents filed in federal court Monday. His resignation will become effective once his letter is read on the House floor during Tuesday’s pro-forma session.

https://www.washingtonpost.com/business/2019/09/30/rep-chris-collins-expected-plead-guilty-insider-trading-case/

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