4 ms·
Hey I think we both agree children should not be thrown in jail for shoplifting, or for insider trading. If you shoplift anything of significance you might be
by LastTrain 3y ago
Hey I think we both agree children should not be thrown in jail for shoplifting, or for insider trading.
If you shoplift anything of significance you might be looking at least a night in jail, but more importantly a criminal record. If you shoplift over the threshold of grand larceny you will absolutely be spending a bit of time in jail and will have a criminal record. These are virtually non-existent outcomes for insider trading, even though people "guilty" of insider trading are also thieves. Guilty in quotes because WTF knows, they are rarely criminally prosecuted.
So yeah, my point is generally about equality, but I was responding specifically to the casual "yeah that seems right" attitude about it.
- ghaff 3y agoI suspect that much of the time it's pretty ambiguous. It's widely known that a company is ripe for sale and you hear from someone you know "confidentially" that they're in pretty serious talks with $X. Maybe they're a lawyer or a banker or... And, in general, non-execs are not prohibited from unscheduled trading in their own company's stock (though company rules may prohibit trading in options) but lots of people have a pretty good sense of how the quarter is going.
- kortilla 3y agoShoplifting wasn’t a great choice since some cities are now pretty famously not enforcing the laws against it.
- LastTrain 3y agoShoplifting laws are occasionally not enforced. Financial crimes are only occasionally enforced. These things are asymmetric, and that is the whole gist of the argument.