In response to:

Legalize Insider Trading

None1257 Wrote: Nov 28, 2012 10:41 AM
It is all a big fraud. It is intended to fool most of the people, that they can actually stop the practice. The facts are the professionals in the business ALWAYS has information before the rest of us gets the same information, EVEN IF it is against the law for them to have the information and uses it to make more money.
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...