This is not good for the Congressman, especially in an election year. Continue to check back with TTN as this story develops.
Rep. Chris Collins (R-N.Y.) has been arrested and charged with insider trading, according to NBC News.
Collins, President Trump's top defender on Capitol Hill, turned himself in to the FBI on Wednesday morning.
An Office of Congressional Ethics report earlier this year found that Collins may have violated federal law by sharing nonpublic information with investors of an Australian pharmaceutical company.
Multiple GOP lawmakers told The Hill earlier this year that Collins had boasted about making money for other members of Congress by urging them to invest in the company, of which he is the largest stockholder.