In response to:

Legalize Insider Trading

catcaul Wrote: Nov 28, 2012 11:24 AM
If you copy a Hollywood movie unto a disc and give it to a friend, you have committed a crime with a $250,00 fine and 5 year prison sentence. If you commit a securities crime defrauding thousands, reaping millions for your company and yourself, your penalty is; do not admit guilt, pay a fine of less than a tenth of a cent on the dollars stolen, and promise not to do the crime again..this punishment will be repeated as often as necessary.
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...