In December, Collins also pleaded guilty and agreed to settle a parallel insider trading case filed against him by the Securities and Exchange Commission (SEC).
Cameron and another person named Stephen Zarsky were also charged with insider trading and pleaded guilty. They settled the SEC charges and agreed to disgorge their avoided losses with prejudgment interest, totaling $634,299 and $159,880, respectively.
In a court filing on Monday, federal prosecutors wrote, “The Government believes that a sentence at the top end of the Guidelines range is necessary in order to satisfy the objectives of [the federal criminal code] and in particular to promote respect for the law, to provide just punishment for the offense, and to achieve general deterrence.”
Collins is set to receive the court’s sentence against him on Friday, January 17.
