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by Closi 1746 days ago
So you can deliberately disclose confidential information for the explicit purpose of helping others to ‘unknowingly’ insider trade for 4 years… and the punishment is only to pay less than a month of revenue three years later?

Wow.

1 comments

total insanity.

it always makes me think, people get excited about these complicated political schemes to deal with wealth inequality, but I don't see a 10th of that level of excitement to just stop people from being handed 100 million dollar government privileges like this one in the first place

Exactly, if I sold private information to a friend for insider trading we would both be in jail.

If a company sells private information to a hedge fund for insider trading they can ‘settle’ for a fraction of the profits they made.