That's not how the law was written. The law, as written, is that "Insiders" (aka: Officers, Board Members, etc. etc.), and those who those insiders talk to (ie

That's not how the law was written. The law, as written, is that "Insiders" (aka: Officers, Board Members, etc. etc.), and those who those insiders talk to (ie: employees, family members, etc. etc.), are not allowed to trade on the information they know about. The law never considered Congressmen, who might know something because of their position. ------ The law, as written, is "X people, and people who talk to those X people, are not allowed to trade securities based on information they know about". Your characterization of "X people except the emperor" is blatantly wrong and fundamentally misunderstands how the law is written.