"That's the thing about insider trading. People who do it are just complete idiots." Maybe in this pumped up bull market certain individuals have restrained fr

"That's the thing about insider trading. People who do it are just complete idiots." Maybe in this pumped up bull market certain individuals have restrained from Insider Trading, but it's alive and well. In college, I was a errand boy at a finance business in SF. The amount of insider tips I heard was staggering. I would be a rich man today if I had a bit of money back then. (The owner of the business did get close to going to jail, but it was over something else. I believe it was tax evasion. It didn't help he was Ed Meese's Financial Planner at the time. I live in Marin County. A wealthy enclave that espouses liberal values, but are ruthless when it comes to their money. They share info at Wholefoods, or the charity dinner they get tipsy at. Hell, if I had money, I'd be tempted. They trade a lot of information. For years, the SEC was very small, and it's not much bigger today. Hell, the only real money my dad made in the 90's was from an insider tip over thanksgiving dinner from a father in-law. (My dad passed, and the SOL is long gone.)