In response to:

Legalize Insider Trading

JMWinPR Wrote: Nov 28, 2012 2:43 PM
The "false sense of security" is the main issue. The SEC cannot stop insider trading. They should have prosecuted HRC for manipulating the pharmaceutical market it the run up for "Hillary Care". They never prosecuted the SEC staff who were surfing porn sites, instead of investigating Bernie.
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...