In response to:

Legalize Insider Trading

God_Of_War Wrote: Nov 28, 2012 10:54 AM
Seeing the way the country is going why don't we eliminate the stock market? Screw the rich...I want what they got :) An attitude just like the current crop of people who voted democrat. Waddoyathink?
GlockG22Shoots40s Wrote: Nov 28, 2012 2:55 PM
you obviously have no idea what the market does for business and the economy... the regulation is in place to try to protect the novice investor. Remove the regulations and let the buyer beware, go for it... the market is critical to business capital for expansion and development.
Allan60 Wrote: Nov 28, 2012 11:12 AM
I don't think I'd miss Wall Street all that much if it just went away and took the high speed trading, naked shorting, and many other practices of the modern stock exchange with it. They're just playing the market like a casino game these days.
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...