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I can feel the down votes, but does anyone else think that insider trading (not saying this necessarily is) should be legalized? My reasons: - The information
by nickpinkston 16y ago
I can feel the down votes, but does anyone else think that insider trading (not saying this necessarily is) should be legalized?
My reasons:
- The information current SEC disclosures release is well known to be a (legal) 2nd set of books that has every interest in painting a rosy picture.
- If gaps in information could be narrowed quickly (i.e. from insider knowledge), stock prices would reflect the realities quicker and best.
- Large stock manipulation can't come from people who don't have money to move markets, but info almost always will come from non-traders. This means they traders would be willing to pay insiders for knowledge to trade on the info - doubtlessly using a contract so the knowledge would be legit.
- If a company isn't treating their employees well (pay, moral, etc.), and has many skeletons in the closet: it would be at risk from insiders trying to take advantage of such a scheme.
Back to 50: BBuffone, below asked what the difference between plugging Vitamin water and stock is - I say that the difference is only an artificial one.