4 ms·
How is that not the literal definition of insider information and trading on non-public information? I suppose they will claim that they make their predictions
by xmprt 5y ago
How is that not the literal definition of insider information and trading on non-public information? I suppose they will claim that they make their predictions based on publicly attainable information and therefore anyone else could have made the same pick even before the announce it. But in that case aren't they admitting that releasing the information manipulates the market?
- deleted 5y ago[deleted]
- sweeneyrod 5y agoIt's fine to trade when you know something that the general public doesn't. Indeed that's really the only time you should trade: you presumably want to make a profit, and society wants relevant information to be incorporated into prices. The thing that's not fine is trading on secret information that belongs to someone else. Insider trading is about theft, not fairness. https://www.bloomberg.com/opinion/articles/2015-04-01/another-politician-wants-to-ban-insider-trading https://www.bloomberg.com/opinion/articles/2015-04-01/anothe...