Insider trading should be:
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I heard it used to be a perk of the job working on Wall Street, but then some people ruined it by getting greedy
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if insider trading was legal there would barely be any outsider trading, which would ultimately mean barely any trading at all making it much harder for companies to raise money by selling equity - the whole system would grind to a halt
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if you tried to legalize it, companies would just have set their own restrictions to prevent it so that outsiders would be willing to invest in them. so it makes a lot more sense to just outlaw it centrally, for the sake of the companies themselves
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Its just unjust but really having this thing legal will not make any difference for investors, they would lose the same
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Wrong question. It pre supposes the existence of the casino-like system of the stock market, then asks if cheating should be legal. Let’s abolish the casino.
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...As always I am replacing the word "should" with "I want to live in a world where..."
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Can anyone explain what actual right of any market participant is violated by other market participants trading based on inside information?
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Legal but regulated
I don't know how to regulate it but it can't be stopped so may as well allow it but try to limit the damage