The House Ethics Committee says it is investigating Republican Rep. Chris Collins of New York.
In January, the advocacy group Public Citizen filed a request for an investigation of possible insider trading. The House panel said Monday it needs more time to review a report submitted last month by the Independent Office of Congressional Ethics.
The advocacy group said Collins sits on the board of Innate Immuno, a company that is experimenting with a drug to treat multiple sclerosis. The group said Collins purchased millions of shares of the company while also sponsoring legislation that could benefit the company.
Sarah Minkel, a spokeswoman for Collins, says the congressman has followed all ethical and legal guidelines in his personal investments and he looks forward to the review.
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