Comment Re:So what's the problem with insider trading anyw (Score 1) 246
The idea of having minimally policed markets, with insider trading being legal, is appealing. One can imagine that the amount of public confidence in the market would be lower, but even if it's 1/2 of what it is today, it's easy to assume that the market might be more resilient, and less prone system wide volatility, which should be a good thing for participants.
However, personally, given a choice, I would want to participate in a market that does its best to prevent insider trading, and most people would agree. So therefore, other markets will be created that provide that service. US markets aren't the only game in town, and people will move their money elsewhere if the perception of fraud is there.
However, personally, given a choice, I would want to participate in a market that does its best to prevent insider trading, and most people would agree. So therefore, other markets will be created that provide that service. US markets aren't the only game in town, and people will move their money elsewhere if the perception of fraud is there.
