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I'm not disagreeing with you because I have no clue about this stuff, but man that is an odd usage of the word 'theft'. Sounds more like improper use to me, e.g
by EpicEng 8y ago
I'm not disagreeing with you because I have no clue about this stuff, but man that is an odd usage of the word 'theft'. Sounds more like improper use to me, e.g., getting a speeding ticket while using a company truck. I didn't steal the truck, but I used it in a way which is unlawful.
- jmalicki 8y agoIt's more like you were authorized to drive the truck to make deliveries, but you used it to pick up your kids from school and go grocery shopping without your employer's permission, causing wear and tear on the truck that caused economic damage to your employer without their permission.
- EpicEng 8y agoOk, but the point is that, in either case, the driver isn't going to be charged with motor vehicle theft.
- jessaustin 8y agoDon't assume that insider trading laws make sense...
- deleted 8y ago[deleted]
- mruts 8y agoWell, say your company is going to buy another company. You know about it, and buy shares of tbe other company ahead of the public anouncement. You are essentially stealing from your own company, since your purchase of shares will drive up price and result in your employer paying more than they otherwise would have. Though for the record, I think insider trading should be legal, or at least should be a civil instead of a criminal matter. The purpose of financial markets is decentralized price discovery and preventing the trading of certain types of non-public information is totally counterproductive in that regard.