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Yes, an even playing field for traders requires all participants to have the same access to information. Otherwise the game is rigged against traders that can't
by space_rock 6y ago
Yes, an even playing field for traders requires all participants to have the same access to information. Otherwise the game is rigged against traders that can't get access to inside information
- kasey_junk 6y agoIn the US insider trading laws aren’t about leveling the trading playing field, in fact quite the opposite we use the markets as a price discovery tool because it incentivizes acting on that disadvantage. Insider trading is about stealing from someone, the shareholders of a firm, the customers of a company etc.
- space_rock 6y agoPrice discovery through superior analysis. Not trading on information no one else can obtain. So it's a level playing field when it comes to information access. Same reason public companies have transparency requirements. Otherwise the price is a mechanism for insiders to extract wealth from other investors like a crypto ICO