Exactly what definition of fraud are you using? "In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal ri

Exactly what definition of fraud are you using? "In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right." Not sharing information is not deception. FWIW, I'm in no way in the financial markets and have no personal stake in this conversation other that a dislike for incorrect assertions. Your premise that it's fraud if I don't tell you every iota of information I have as it relates to some trade is, as a non-lawyer, very wrong. I'm unsure of what moral right you expect you have that would even make that assertion correct.