(1:40 PM) Reed: Up To The People To Determine Collins’ Fate

P-J file photo by Jordan Patterson

U.S. Rep. Tom Reed, R-Corning, said ultimately it will be up to the people to determine the future of U.S. Rep. Christopher Collins, R- Clarence, as far as being a congressman.

During his weekly conference call with regional media, Reed said Thursday it is up to Collins and his family to decide whether he should continue and run for re-election this fall to remain a member of the U.S. House of Representatives.

Reed said the allegations against Collins for insider trading are very troublesome to hear.

“Obviously these are very serious allegations. We take these allegations very seriously,” Reed said. “It is his choice how he will proceed. I trust the system in place … to let the people weigh in on how the outcome goes forward.”

Reed was asked and said he didn’t have stock in the company — Innate Immunotherapeutics Ltd. — Collins allegedly fed insider information about to his son, helping family and friends dodge hundreds of thousands of dollars in losses when one of the company’s drugs failed in a medical trial.

See tomorrow’s edition of The Post-Journal for complete coverage.