Article 2PYX5 Insider Trading Should Be Legal

Insider Trading Should Be Legal

by
from from FEE on (#2PYX5)
Story Image

All an inside trader does is act on private information that more accurately reflects the future value of a financial asset than the current price does. He buys or sells that asset at a price that someone else voluntarily accepts. He does nothing that damages the ultimate value of the asset. Nor does he hurt the broader financial marketplace. If anything, his trading slightly pushes the asset price toward a more appropriate value. What's wrong with that?

External Content
Source RSS or Atom Feed
Feed Location http://feeds.fee.org/FEE-Freeman
Feed Title from FEE
Feed Link https://fee.org/articles/
Reply 0 comments