Collins, one of the largest shareholders of Innate Immunotherapeutics and a board member of the biotech firm, faces charges of securities fraud.
Berman's office will hold a press conference at noon.
Chris Collins' lawyers responded swiftly, insisting he will be "completely vindicated".
Man Utd and Barcelona close to settling Mina fee
According to The Mirror , Manchester United are closing in on the Belgian International for a reported fee of 60 million. And Catalan newspaper Sport say Everton have now agreed a deal to sign the 23-year-old defender.
"Congressman Collins will have more to say on this issue later today", they added.
Collins, 68, is set to appear in Manhattan federal court Wednesday afternoon.
"Throughout my tenure in Congress I have followed all rules and ethical guidelines when it comes to my personal investments", Collins said in an statement when he resigned.
Collins's district in Western New York is solidly Republican and voted overwhelmingly for Trump in 2016. The indictment charges Collins with notifying his son, Cameron Collins, of the failed test just minutes after he learned the news.
Newcastle sign Salomon Rondon on loan from West Brom
Mainz director of sports Rouven Schroeder said the club had respected the player's wish to play in the Premier League . Newcastle begin their league campaign by hosting Tottenham at St James' Park on August 11. "I wish you all the best".
Collins then called his son, Cameron, to tell him the results, according to the indictment.
Federal prosecutors said the charges were straightforward - that Collins wrongly took non-public information, and gave it to his son, and his son's in-laws.
"This was the drop in value that the co-conspirators avoided by selling their shares before the public announcement", Mr Berman said.
Collins' latest sale of Innate Immunotherapeutics holdings was on June 20, 2018 and valued between $15,000 and $50,000 according to House periodic transaction reports. Innate's CEO emailed the congressman and other directors about the results on the evening of June 22 - when Collins was at a congressional picnic at the White House. The congressman allegedly shared non-public information with his son, Cameron, that spurred a series of trades based on insider information.
China state media attacks Trump on trade in unusually harsh terms
FILE - A clerk counts Chinese yuan and USA dollar banknotes at a branch of Bank of China in Taiyuan, China, Jan. 4, 2016. In another tweet , he said: "Tariffs will make our country much richer than it is today".