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Rep. Chris Collins (R-Clarence) says his last day in office will be Dec. 31, as charges of insider trading against him have essentially ended his political career and reputation. He says what he does next will not be politics.

File photo: Chris Caya WBFO News

A local financial adviser is weighing in on the insider trading charges that Congressman Chris Collins is facing.

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The indictment charging Rep. Chris Collins (R-Clarence) and his son with insider trading has raised questions about this November's congressional elections. His GOP colleague in Western New York, Tom Reed said he recognizes the indictment represents "serious allegations," but Collins' decision to stay on the ballot is a family decision.

Most political observers believed the Republican party would hold New York's 27th Congressional district in the November election. That belief may have wavered yesterday when Congressman Chris Collins was indicted on charges of insider trading. Buffalo News Political Reporter Bob McCarthy points out how the majority of voters in the district are registered Republican. But he also predicts Democratic challenger Nate McMurray's campaign will receive a substantial financial boost from national interests hoping for an upset in the district.


Nick Lippa / WBFO News

Rep. Chris Collins (R-Clarence) and two others pleaded not guilty to insider trading charges in a federal courtroom in Manhattan on Wednesday. During an evening news conference in Buffalo afterward, Collins rejected calls that he resign from Congress.

Eileen Elibol / WNED|WBFO

The U.S. Justice Department on Wednesday filed charges against Rep. Chris Collins (R-Clarence), his son Cameron Collins and Stephen Zarsky, the father of Cameron Collins’ fiancée, in an alleged insider trading scheme.

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A congressional probe of Rep. Chris Collins says there is "substantial reason" to believe the Clarence Republican may have been involved in insider trading on an Australian biotech stock, a violation of federal law.

WBFO News file photo

An investigation of Rep. Chris Collins has moved to the House Ethics Committee, after a review by the Office of Congressional Ethics. The person who filed the original complaint against the Clarence Republican said this shows there will be a deeper dive into the congressman's investments.