Why is insider trading illegal?

Because there is an impression among the majority of the voting population that if it were legal the "average joe investor" would be unable to compete and that if made illegal then dealing in smoke-filled backrooms will simply cease because it is illegal.

>>1587276
6/10
nice bait

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>>1587276
>Why is insider trading illegal?
It's legal if the information is public.

>>1587282

This is the only reason OP.

It's to provide investors with confidence that investing in corporations isn't a rigged process by which insiders will use their superior knowledge to benefit themselves. It's to encourage investment.

Aside from that, insider trading laws have a very weak basis for existing.

It's actually a good question. Many countries don't have insider trading laws and one of the perks of being an insider is your ability to buy and sell equity before others know what is going to happen with a company.

>>1587276
Makes free market unfair.

>hey anon BUY MY STOCKS. Getting bought out by anon kneepad company next week and price will tripple!
*invests in anons company and triples investment, turns 360 degrees and walk away.

But what if company anon told investor anon to split to take.

Just causes too much bullshit and corruption.

However you CAN invest from the INSIDE and potentially make billions.

You want in on the privite memorandom. The pre ipo. The company looks for private investors and sells a round shares at a premium. Then they go public and sell us plebians stocks at several times that while the private guys laugh and watch the rollercoaster. Most will leave in for a few years till the conpany is stable and the board will then slowly trickle more shares to us faggots while talking about their yachts and keeping the price steady.

Its a fucked up ordeal op...


What you wanna do is be an investor from the inside. Legally.

Not an inside investor illegally.


Sadly the fucking cucks at the SEC also have u by the balls. It is illegal for poor people like us to invest in those private offerings that the rich people do.

Its a hell of a rabbit hole and will show you how much underfoot we are.

>>1588544
>It is illegal for poor people like us to invest in those private offerings that the rich people do
There's a good reason for that.
Some of these companies go belly up long before they ever get to the IPO stage. When that happens, the tens or hundreds of thousands those rich people invested disappear.
It's hardly risk-free, and those people can take large hits, while you can't.