Why is insider trading illegal? Shouldn't a person be allowed

>>131955771
Insider stock trading is basically playing poker but you also stack the deck. All your opponents might as well just walk away from the table and let you keep your money.

Plus you can do dangerous stuff like short the stock at the company you work at and than do something that would get your company in legal trouble. This would destroy the company you work for but you'd be a billionaire over night.

>>131955771
Having access to confidential information, unknown to the rest of the public, is inimical to investing in stock.

Like the other OP said, you're stacking the deck. Not too mention you're also playing with substantial fucktons of other people's money. The market works best when it is allowed to naturally sort itself out. Manipulating it to your own benefit can wreck the system entirely.

>>131956281
>>131957617
>winners should be disadvantaged so everyone else can keep up

Sounds like communism.

>>131956281
>short the stock at the company you work at and than do something that would get your company in legal trouble
So make this illegal. Oh wait it is.

>>131955771
I've always wondered what libertards and ancaps think about this.

>but muh truly free markets always have equal information available to all participants

>who makes it equal by punishing cheaters?...

>gubmint.

just deregulate everything
I mean, just look at the South Sea Company, they were worth like more than the entire economy of Britain at the time

>>131958524
Sounds more like Laissez-Faire you Tasmanian queef.

>>131955771
You just gotta pull out of the roo pussy before you trade.

>>131958791
Yeah because it would be insider knowledge

>>131958524
What would happen if you legalized stacking the deck in poker? Would anyone ever play the game? The moment you heard the rules you'd laugh at it. Geeze your'e fucking stupid

>>131955771

Because it encourages bad behavior.

As an exec you can short your company than purposely drive the company into the ground to profit personally, at the expense of the workers and the rest of society.

Nobody would invest ever. Stockbrokers and investors are the equivalents of water next to the toilet in a public restroom as it is, giving them this they'd fuck everybody over.

>>131955771
Isn't it legal for politicians tho?

>>131962307
Technically it's illegal but it's laughable easy to side step the law. Just get a broker to who manages your account for you, he controls the money and does the trades. Every once in a whiles top by his office tell him what you want to short. If you get in legal trouble deny you ever did and just say your broker made a lucky pick.

As long as you don't do it too many times in a short period its a coincidence. Unless they bug your brokers office there's no proof.

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>>131955771
Because the entire foundation of liberal capitalism is the idea that a market in which every actor has perfect and equal information will find the best distribution of goods and services, and the prices thereof

Insider trading directly impinges on the underlying concept of capitalism

>>131961994
The market should be free. The (((government))) has no right to interfere with a business.