Ex-U.S. congressman, son and associate settle insider trading case with SEC

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Ex-U.S. congressman, son and associate settle insider trading case with SEC
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Former U.S. Representative Chris Collins of New York, his son and an associate s...

FILE PHOTO: Chris Collins, former U.S. Representative for New York's 27th congressional district departs after pleading guilty at Federal Court in New York City, New York, U.S., October 1, 2019. REUTERS/Lucas Jackson

The settlement bars Collins, an early backer of President Donald Trump, from serving as an officer or director of a public company. It requires his son, Cameron Collins, and associate Stephen Zarsky to repay the losses they avoided as a result of their insider trading, $634,299 and $159,880, respectively.

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