[iKevinShah]

I am not from US but I am pretty sure this is a common practice world-wide. Some places worse than others. But I used to work in Stock Exchange a few years back as System Administrator. And we were recommended to take permissions (which used to get approved quickly, within hours) to trade stocks. And all that info was available internally. Obviously, this was a "good to do" process rather than an absolute compulsion but even that small step stopped so many including me to not participate in Trading for my time there.

Small steps can ensure transparency and maybe, just maybe, help with the problem.