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Fiance and her father. All told, the congressman and his family avoided over 768,000 in losses according to the document. And the big question we are asking today is, what does the arrest of Congressman Collins mean for the midterms . Joining me nbc news political director and moderator of meet the press, chuck todd. Nbc news investigations reporter tom winter, New York Times chief metro Political Correspondent shane gold macher and former s. E. C. Enforcement attorney seth waxman. Tom, you have been following this. You were downtown a little bit earlier today. Here is a statement from collins lawyer saying we will answer the charges filed in court and will mount a defense to clear his good name. It is notable the government does not allege that Congr ....
We want to be clear. those people, their communications that they have, any communications that they have with brokers, the s.e.c. said at the press conference, that they have recorded telephone conversations with the brokers side of things. those do exist in this case. obviously, they have a tremendous amount of trade logs. so they will know exactly when people logged on to their online accounts to be able to trade this. the exact orders that they put in. when you come to try to track stock trades, particularly when they are done through public markets like this, it s really easy for the s.e.c. we are not talking with s.e.c. capital and steve cohen. they are routing shares through all sorts of brokerage houses. they traded stocks like we would. this is much more straightforward? yes. it s brazen, actually. we will get to the legal aspects in a moment. this doesn t come out of nowhere. there were already questions about collins trading for the past year and a half or so. ....