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 teacherfidel 7 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 right for me to do it using the government as my agent? If enough of us vote to take...
by Will Benson 8 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 greater disclosures on financial transactions and disallow them from trading on...
by ga anderson 3 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 legal tax actions, what should that "fair share" be?One could say that...
by icv 2 years ago
Do you think modern politics is controlled by corporate and rich people?
by rhamson 9 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 with these overseas job markets are we just trading our standard of living for...
by Rev Bruce S Noll HMN 5 years ago
Do you believe our elected officials are being honest with us?There is so much information concerning impending financial and environmental crises, do you feel out government warrants out full faith and trust?
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|