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That's an interesting idea! Finding the 'victim' in insider trading is complicated as well because it is typically someone who would have made a trade but didn'
by anitil 8y ago
That's an interesting idea! Finding the 'victim' in insider trading is complicated as well because it is typically someone who would have made a trade but didn't, so how do you know who they are?
There was a Planet Money podcast about this [0] that if I remember correctly said it wasn't even explicitly illegal in the US until relatively recently. It was considered theft to take insider knowledge, but not illegal to trade on it.
[0] I think it's this one: https://www.npr.org/sections/money/2015/12/23/460689797/episode-671-an-insider-trader-tells-all https://www.npr.org/sections/money/2015/12/23/460689797/epis...