Hacker News new | ask | show | jobs
by p0cc 2379 days ago
Insider Trading [0] is a crime in the US.

[0]: https://en.wikipedia.org/wiki/Insider_trading

2 comments

So what? The question would be "Why is insider trading actually bad in this specific instance?" not "Is insider trading actually a crime?"

"Insider trading creates perverse incentives" would not inherently mean that the purported insider trading by equifax executives was a bad thing.

It might or might not have been insider trading.

However, I think a journalist is seriously delinquent if they don't acknowledge that insiders normally schedule their stock trades ahead of time to insulate from insider trading accusations. A reader needs to know whether this was the case or not in order to be appropriately outraged.

It was. I posted the SEC PR filing in reply to another comment on this article.

> I think a journalist is seriously delinquent if they don't acknowledge ...

I'm not sure I agree. If you consider how many topics journalists write about and how much necessary context that they would have to background-boilerplate, a 2 sentence update could easily become the length and readability of a ToS contract.

If there is one single thing that you could put in a sentence or two, but it makes your article irrelevant, then the maximum word count is not the reason it was left out.

This isn't like, one article with a unique context. There have been lots of similar ones and will continue to be.