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You could say the same thing about insider trading. So, the argument that accurate prices reach the market faster is not, in and of itself, an argument that som
by darawk 10y ago
You could say the same thing about insider trading. So, the argument that accurate prices reach the market faster is not, in and of itself, an argument that something is good.
- deleted 10y ago[deleted]
- eru 10y agoWhy? He can argue that insider trading is good. Which is actually a pretty easy argument to make. (And places like Germany only recently tightened laws against it.)
- darawk 10y agoWhat is your argument that insider trading is good?
- kasey_junk 10y agoI don't know how I feel about it, but several relatively common arguments in favor of it are: 1) speeds up price discovery 2) makes complying with regulation cheaper 3) it is nearly impossible to enforce currently Some op-ed pieces arguing for it. http://www.marketwatch.com/story/why-insider-trading-should-be-legal-2011-05-17 http://www.marketwatch.com/story/why-insider-trading-should-... http://www.forbes.com/sites/jeffreydorfman/2015/03/22/a-modern-insider-trading-law-would-recognize-the-victims-of-current-law/#6ab092376d0c http://www.forbes.com/sites/jeffreydorfman/2015/03/22/a-mode... https://www.washingtonpost.com/news/wonk/wp/2013/07/26/insider-trading-makes-us-richer-better-informed-and-could-prevent-corporate-scandals-legalize-it/ https://www.washingtonpost.com/news/wonk/wp/2013/07/26/insid...
- eru 10y agoYes, that's along the lines I would be arguing. I am on the fence myself, not having thought about the matter too much. Instinctively, I'd say insider trading should be handled as a breach of contract (ie if I trade on something that I signed an NDA for), not as a criminal matter.