Or more to the point: insider trading isn't quite as victimless as some people might like to believe. The only victim "insider holding" could have would be peo

Or more to the point: insider trading isn't quite as victimless as some people might like to believe. The only victim "insider holding" could have would be people betting against a trend caused by public information (who would win even more if the "insider holder" would sell with the herd), either out of pure gambling desire or because their trades are insider trades. Neither seems particularly worthy of protection.