insider trading

Two House Republicans under federal indictments are heading back to Congress. Voters in California and New York are sending Reps. Duncan Hunter and Chris Collins back to Capitol Hill even as they face federal charges.

Hunter and his wife, Margaret, were indicted by a federal grand jury in late August for allegedly using $250,000 in campaign funds for personal expenses and covering their tracks in campaign finance filings to the Federal Election Commission. The couple is facing 60 federal charges.

A bipartisan New York duo is proposing a change in House rules that would prohibit members from serving on serving on the boards of publicly held companies, the latest fallout from the indictment of Rep. Chris Collins, R-N.Y., for insider trading. 

Collins served on the board of Innate Immunotherapeutics, an Australian biotechnology company, and allegedly shared inside knowledge about Innate’s drug trial results with his son, who then made timely stock trades.