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I don't understand your argument for not prosecuting MNPI trading. Are you saying that because the general public doesn't understand what MNPI is, the law shoul

I don't understand your argument for not prosecuting MNPI trading. Are you saying that because the general public doesn't understand what MNPI is, the law shouldn't be enforced? Are you taking issue with reason the law exists, or just that the people don't understand it? And what's your basis for saying it's ineffective? From my experience, insider trading laws are taken very seriously by most of the industry.

gammateam 8y ago
> basis for saying its ineffective Yes, they are effective at chilling speech and forms of legal trading. They are not effective at preventing trading on information, for example, the SEC and DOJ secured indictments against Ukrainians and Russians which it will never extradite. Wow a pen stroke after an expensive investigation, congratulations. Fix your damn IT systems if you want confidence in the securities market. > are you taking issue with reason the law exists Yes, I am. The industry takes these laws seriously without the SEC because all the SROs already had these prohibitions before the SEC copied and pasted some parts into the Code of Federal Regulations or created 10b-5 convictions that are SOMETIMES upheld by appeals courts before stripping them down in other circuits.