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Just specifically addressing this claim: The promise made by insider trading laws is that any Joe Schmoe can trade on the same footing as sophisticated profess
by sliverstorm 12y ago
Just specifically addressing this claim:
The promise made by insider trading laws is that any Joe Schmoe can trade on the same footing as sophisticated professional investors, and that promise is a farce.
- jessaustin 12y agoWell that promise certainly is a farce. Any insider action that the law can prevent (which let's face it is only a fraction of the possible insider actions) is going to "reduce" (not really) the insiders' edge over the sophisticated professionals more than it reduces the sophisticated professionals' edge over Mr. Schmoe. Of course, an edge is just information that hasn't yet reached all market participants.
- sliverstorm 12y agoMy argument is the insider's edge is far more dangerous to Mr. Schmoe, than the professional's edge over Mr. Schmoe.