Former Congressman Chris Collins settled his civil insider trading charges with the Securities and Exchange Commission and is now waiting for approval by the courts. In January, he’ll be sentenced in his federal criminal case.

Former Congressman Chris Collins settled his civil insider trading charges with the Securities and Exchange Commission.

If approved by the courts, Collins will be barred from serving as an officer or director of any public company, according to NBC affiliate WGRZ.

Collins is accused of tipping off his son, who then tipped off others, to non-public information about a drug company that Collins sat on the board of.

In January, he’ll be sentenced in his federal criminal case.