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by jdoliner 1796 days ago
Making money through insider trading is very maligned with the public good. One it is essentially using the stock market as a mechanism to transfer wealth from unknowing public traders to insider traders, if they're making money they're making it off of someone. Two, because of this, it creates the existential risk of a lose of trust in the public markets which can lead to their collapse. It's a real case of who watches the watchmen though because insider trading laws were, of course, created by congress itself.