Simple answer. No. Insider trading is among the worst scheme that has hit Wall St and currently the politicians are the culprits and not corporate America. I feel bad for Corporate America coming under scrutiny when politicians just get a slap on the wrist.
Insider trading is probably the worst possible crime committed under the euphenism of "white collar" crime.
It only works if you are an insider, hence the term. If you are a general investor in the stock market, you are already at the mercy of inside investors. If insider trading were made legal, no-one could trust the system and the stock market could no longer function properly.
The stock market only works if everyone is confident that they have the same information as everyone else, at the same time.
by GA Anderson2 years ago
Much is heard of a demand that corporations and the wealthy pay their "fair share" of taxes, but I have heard little of what that share should be.With only a single restriction; that the discussion is about...
by teacherfidel6 years ago
Is taxation merely the legalized theft by the government?If it is wrong for me to steal from my neighbor Joe in order to send my kids to school, or to paint a picture, or to subsidize my tobacco crop, how can it be...
by Will Benson7 years ago
Posted May 05, 2010 by Peter Gorenstein in Yahoo Finance."Even a cynic can find Washington's hypocrisy shocking at times. The Wall Street Journal reports today a House bill that would force lawmakers to make...
by IRSHAD CV23 months ago
Do you think modern politics is controlled by corporate and rich people?
by hockey8mn5 years ago
Define what it means to be an "informed" voter.
by rhamson8 years ago
The topic of trade deficit spending always brings with it the lost jobs in the US. The race to the bottom sends more and more jobs overseas with the demand for profits and growth by companies in the US. To compete...
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