In response to:

Legalize Insider Trading

Elucidated1 Wrote: Nov 28, 2012 10:16 AM
Good point. Legalize insider trading so the "insiders" like hedge fund mgr. . .Congressmen and the good ol' boys can get richer while the rest of us flatline. Nice, Stossel... but right now you can count people who get caught on one hand.
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...