The problem he is talking about is market manipulation. Let's be clear, disclosure is precisely to prevent market rigging by insider trading and indirection (as

The problem he is talking about is market manipulation. Let's be clear, disclosure is precisely to prevent market rigging by insider trading and indirection (as the notion of a free market depends on all participants having equal information). He's in fact advocating going back to an insider's club and trying to dress it up as the opposite. I don't know if he's just stupid or he thinks the readers are.