On Tuesday morning, the U.S. Supreme Court, ruling in an insider trading case for the first time in two decades, upheld the conviction of a Chicago man - Bassam Salman - in a decision that could make it easier to prosecute people accused of profiting from confidential information. http://www.zerohedge.com/news/2016-...the+survival+rate+for+everyone+drops+to+zero)
I love this decision! This is good for trading, I expect this puts the cap on loop holes. I hope that mother ( Bassam Salman) rots in jail...
Here is a counterargument. As a trader, it seems like you would want more insider trading because then chart/tape reading becomes more informative.
No! Because if there are no rules there is chaos. Ideally as a trader you want price to be efficient IE price to reflect the news, in insider trading price moves without the news thus its a gamble....
Pretty soon they're going to have safe zones for traders because price isn't reflecting the news....what a crock!
It has to be even playing field...Have you ever traded OPG, if you have then you know what I am saying...
Yea I did back in the 90's and insider trading was rampant back then except it wasn't called insider trading.