4 ms·

Insider trading is a victimless “crime” where I believe the penalties are immoral. Simply not https://reason.com/2014/06/17/insider-trading-is-really-common-awe

• skosch 6y ago
  As another commenter pointed out, the victim is the public's trust in the financial market. With transactions between private entities, information asymmetry is a normal part of life. But if you want to be able to sell your shares on a public market, the public first needs to trust that you won't screw them over. That trust is a public good worthy of government protection, just like we have government agencies to protecting clean air and fair elections.
  • seibelj 6y ago
    I simply disagree. The sale itself is all the information the market needs. I don't care about insider trading and I don't need the government's protection for it.
• jandrese 6y ago
  The victims are literally everybody else in the market. Basically, do you want the markets open to the public, or only to a small cadre of trusted insiders? Allowing insider trading means if you aren't an insider it is a suckers game.