In response to:

Legalize Insider Trading

Anonymous8713 Wrote: Nov 28, 2012 10:15 PM
I agree with your premise stossel ... maybe the free market will cause the exchanges to do something about the High Frequency Traders. Volume is going down ... maybe one of the exchanges will realize soon that if they do something before government does .. it will be better for all
Insider trading leads the news again, casting a cloud over Steven Cohen's SAC Capital Advisors $14 billion hedge fund.

The SEC charged Mathew Martoma, who used to manage a SAC Capital division, with using inside information about tests on an Alzheimer's drug to trade stock of the company working on it.

The media love this stuff. I imagine reporters sitting around saying: "The SEC finally will punish greedy Wall Street! These tycoons rig the game -- cheating is how they acquire $14 billion -- and now noble government prosecutors will bring justice."

But this is nonsense. Government prosecutors are as ruthless...