In response to:

Legalize Insider Trading

doc, aka Rich Wrote: Nov 28, 2012 3:02 PM
Our country SHOULD operate on the "nobody is above the law", but unfortunately we're going into our 2nd century of officially creating laws where what is legal for one citizen is illegal for another, with judges given the power to declare whether a given individual has acted criminally for behaving identically as others have. It started over 100 years ago with anti-trust laws which criminalized common ordinary business behavior ... should you be accused of being a monopoly. The accusation of monopoly is like being accused of witchcraft, except no magic is involved ... the criminal act is conducting the same ordinary commerce considered perfectly legal for the non-monopoly.
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...