Collins’ Guilty Plea Fails to Spur Action from Aussie Regulators (The Buffalo News) WASHINGTON – An Australian stock tip will likely land former Rep. Chris Collins in federal prison in the United States, but it still hasn’t put him in any legal jeopardy in the land down under. More than a month after Collins pleaded guilty to insider trading charges in New York, sources in Australia said they see no signs that regulators in that country plan to take any legal action against him – even though his U.S. guilty plea seems to be a tacit admission that he violated Australian securities law, too.