>Every security transaction has a willing buyer and a willing seller. When you step up to a shell game on the street, you are willingly buying from a willing s

>Every security transaction has a willing buyer and a willing seller. When you step up to a shell game on the street, you are willingly buying from a willing seller. It's illegal because the game is rigged, unregulated, and leads to further crimes. >Moreover, much “insider” trading is legal, such as hedge funds trading on their own research. If they do the research with public sources, it's not insider. If they use non-public sources, it's insider. The biggest loophole is Congress, which has exempted themselves from the prohibition. That's very bad.