[michaelt]

The article doesn't have much detail about what she actually did, so it's not clear to me whether what she was doing was wrong.

If a hedge fund profits from predicting a corporate merger by tracking corporate jet flights, many people would say that's just them doing their research and being well informed. It's just obscure information, not insider information.

If this woman were trading flight insurance in the type of investment market that trades sophisticated insurance products like credit default swaps, her actions would be completely fair.

That she was doing it with retail products is less ideal, but not enough to clearly condemn her.