4 ms·
The employees in that scenario are sharing insider information, and are all committing a crime. Whatever you hear from them and is probably non-public info is
by jiofih 5y ago
The employees in that scenario are sharing insider information, and are all committing a crime.
Whatever you hear from them and is probably non-public info is also illegal to trade on.
I mean, what exactly do you expect to happen if this is allowed? Put everyone who works on finance and the executives under 24/7 surveillance? Pay them ransom for not sharing their employer’s data? It would simply be an institutionalized racket.
- drdavid 5y agoI think they might be one of those 'free-market' types, with a whiff of Ayn Rand. I read a number of their other comments. I am not answering for them, merely observing a trend. I'm definitely on the side that favors heavy market regulation. History shows us that it works better with heavy regulations - that is that it works better for more people rather than better for a small group of people. In the US, something like 52% (the last time I read some numbers) have invested in the stock market. I'd rather they be treated fairly, with a more equal playing field. Hmm... It looks like it's now 53%: https://usafacts.org/articles/what-percentage-of-americans-own-stock/ https://usafacts.org/articles/what-percentage-of-americans-o...