Ex-New York congressman pleads guilty in insider trading case - Reuters

NEW YORK (Reuters) - Chris Collins, a former U.S. Congressman from New York state who was known as an early backer of President Donald Trump, pleaded guilty on Wednesday to taking part in an insider trading scheme.

Collins, 69, entered his plea before U.S. District Judge Vernon Broderick in Manhattan the day after he resigned his seat in the U.S. House of Representatives.
Legislators o the Federal level have access to insider stock info. This guy's family had invested hundreds of thousands of $$$ in an Australian biotech company. He found out that their new drug trial had failed & was caught on video tape calling his relatives o tell them to sell while at a WHY picnic.