3 ms·
Because she's a proven executor on defrauding investors?
by scarmig 9y ago
Because she's a proven executor on defrauding investors?
- vkou 9y agoThe problem with insider trading is that it creates perverse incentives. It, in itself, does not necessarily defraud. If I work for Apple, and I sneak a glance at their balance sheet, and short its stock, I did not rob APPL shareholders. It's still illegal, and insider trading (Because otherwise, I'd have an incentive to actively sink the company, while benefiting from a short.)