Ex-Congressman Collins Gets 26 Months for Insider Trading (1)

Former New York Republican Congressman Chris Collins was sentenced to 26 months in prison for passing confidential information about a failed drug trial to his son, who sold shares based on the tip.

The sentence caps a bizarre political downfall for the first congressman to endorse Donald Trump for president. Collins went on to become the first sitting member of the U.S. House of Representatives to be charged with insider trading based on a call he made from the South Lawn of the White House.

U.S. District Judge Vernon Broderick in Manhattan on Friday handed down the sentence to the ...