In response to:

Legalize Insider Trading

Jerome49 Wrote: Nov 28, 2012 1:36 PM
Just like the guys at Enron did. They cooked the books, drove up the stock price and then dumped their stock for big profits before the rest of the stockholders knew what happened.
c136 Wrote: Nov 28, 2012 5:26 PM
That's fraud, not insider trading. Insider trading laws are bogus. Anytime 2 people trade something one person knows more about the item traded than the other. It should only be a crime if you lie about the item you are selling.
dahni Wrote: Nov 28, 2012 2:33 PM
I don't like to talk about Enron. I had over $45,000 with them through a Retirement Fund Company. I lost $41,500 of it and had to start over at a young age. I was putting 20% of my salary into that retirement fund... Stupid me. Now I don't use either a retirement fund investment company. I invest only in direct ownership of stocks of companies such as Intel and Microsoft and Sun and a couple of medical research companies.
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...