WASHINGTON (WIVB) — The House Ethics Committee says they have “substantial reason to believe” Clarence Congressman Chris Collins “shared material nonpublic information.”

Collins’ representatives told News 4 in July that the committee was looking into Collins’ investment in an Australian biotech firm.

A spokesperson for Collins said the accusations against him are false, and called the move a political witch hunt.

Collins’ attorney responded to the accusations:

Here is Collins’ statement on the matter:

“Throughout my tenure in Congress I have followed all rules and ethical guidelines when it comes to my personal investments. I was elected to Congress based upon my success in the private sector, and my willingness to use that experience every day to facilitate an environment that creates economic opportunity and jobs.  I thank the House Ethics Committee for their meticulous review of this case and for the tough work they do to hold all Members of Congress accountable to the highest standards of conduct.”MORE | See the Office of Congressional Ethics report here.