Supreme Court Rules On Insider Trading For First Time In 20 Years: Why It Matters

Banjo said:
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/2016-12-06/supreme-court-rules-insider-trading-first-time-20-years-why-it-matters?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+zerohedge/feed+(zero+hedge+-+on+a+long+enough+timeline,+the+survival+rate+for+everyone+drops+to+zero)
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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...
 
dealmaker said:
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...
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Here is a counterargument. As a trader, it seems like you would want more insider trading because then chart/tape reading becomes more informative.
 
sprstpd said:
Here is a counterargument. As a trader, it seems like you would want more insider trading because then chart/tape reading becomes more informative.
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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....
 
dealmaker said:
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....
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Pretty soon they're going to have safe zones for traders because price isn't reflecting the news....what a crock!
 
RRY16 said:
Pretty soon they're going to have safe zones for traders because price isn't reflecting the news....what a crock!
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It has to be even playing field...Have you ever traded OPG, if you have then you know what I am saying...
 
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