Insider trading is legal John, if you are a member of the U.S. House or Senate. Not only do these politicians have access to inside information, they get to pass laws that will either help or hurt and industry or company. Look at the income of House and Senate members prior to being elected to their office and what their income is after they have been in office for a few terms. Their accumulated wealth after being elected to office hasn't come from their salaries. It has come from their investments. Are our elected officials that much smarter than the rest of the investment community?