In response to:

Legalize Insider Trading

showell Wrote: Nov 28, 2012 1:05 PM
I agree, but one way to combat insider trading is for companies to treat non-public inside information as intellectual property. Divulging that information could result in a lawsuit against the person(s) that divulged it and the person(s) that received the information.
Dean197 Wrote: Nov 28, 2012 8:53 PM
And companies would be free to do that if Stossel's advice were followed.
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...