4 ms·
How is it different than shorting or buying put options and then damaging the company? The tools are already there.
by bluecalm 6mo ago
How is it different than shorting or buying put options and then damaging the company? The tools are already there.
- yorwba 6mo agoYes, that's why insider trading is illegal.
- DonHopkins 6mo agoWhat other GTA missions and Mossad operations should we democratize with a small personal computerized device? https://youtu.be/RmUQptXfiWs?t=485 https://youtu.be/RmUQptXfiWs?t=485 https://en.wikipedia.org/wiki/2024_Lebanon_electronic_device_attacks https://en.wikipedia.org/wiki/2024_Lebanon_electronic_device...
- cromka 6mo agoThe difference is one is illegal, the other one is not.
- collabs 6mo agoMaybe there should be a maximum betting limit the same way there should be an election contribution limit — let's say something like 10x the federal minimum wage or whatever so if you are betting under USD 75.5, it is A ok but once you cross this number, we require public disclosures, no hiding behind LLC, natural persons only, KYC, the whole shebang. Actually, now that I think about it, let's get rid of the minimum, there should be no minimum, all bets even five cents must be fully disclosed and attributed to natural persons, no hiding behind "corporations are people, my friend" nonsense.
- somenameforme 6mo agoArtificially influencing a stock's price is illegal by itself, and there's probably about a half dozen other charges that could be tacked in this scheme, possibly including extremely serious ones like wire fraud which gets tacked on pretty much every crime involving digital tech.
- bluecalm 6mo agoI was responding to this argument: >>the real danger of insider trading are company insiders being incentivised to damage the company to make a quick buck. Damaging the company is illegal as well. Making things illegal doesn't magically stop people from doing what they have incentives to do.