US congressman charged with insider trading ends re-election bid
A Republican congressman who was indicted on securities fraud charges reversed course Saturday and said he will end his re-election campaign.
Chris Collins, a representative from New York who is loyal to President Donald Trump, was arrested and charged this week.
Collins initially said he would seek to clear his name and continue his bid to keep his seat in the November midterm elections.
Collins said this was in the best interest of his constituents, his party and Trump's conservative agenda.
Collins was the first member of Congress to endorse Trump for president in 2016.
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