U.S. Rep. Chris Collins Pleads Guilty To Insider Trading Charges

The transcript discusses Chris Collins, a former congressman, who pleaded guilty to insider trading charges. He was accused of sharing nonpublic information about a failed drug trial with his son, who then passed it to his fiancée's father. Collins, who had previously pleaded not guilty, claimed he acted within the law. A federal indictment revealed that Collins and his family used insider information to avoid significant financial losses. Following the indictment, Collins resigned from Congress. His son and the fiancée's father are also expected to plead guilty.

What was Chris Collins' initial plea regarding the insider trading charges?

• No contest

• Guilty

• Deferred

• Not guilty

Which company was Chris Collins associated with that led to the insider trading allegations?

• Innate Immunotherapeutics

• Moderna

• Biogen

• Pfizer

What did Collins claim about his actions in relation to the law?

• He was misled by others

• He was unaware of the law

• He followed all rules and guidelines

• He acted improperly

What was the estimated financial loss avoided by Collins and his family due to insider trading?

• $500,000

• $700,000

• $1,000,000

• $1,500,000

Who else, besides Chris Collins, was expected to plead guilty in the insider trading case?

• His brother

• His business partner

• His son and his son's future father-in-law

• His campaign manager