[MperorM]

Yeah that's right.

I am somewhat torn on where to stand on this. On one hand I do see why we would want regulation against insider trading & pump and dumps, on the other hand I worry that regulation isn't preventing either, and society quickly would become inoculated if we legalized it.

When I read Robin Hanson's paper on insider trading and prediction markets, I became much more uncertain about whether we should regulate this area than I used to be.

https://www.researchgate.net/publication/228340813_Insider_T...

[klmadfejno]

I'd rather we just enact capital gains taxes to lower the overall incentive of financial wizardry to begin with. Force prices of assets back to the value of their dividends. Make it painful to be a growth stock unless your case for valuable future dividends is really compelling.