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T Tindle
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Insider trading laws as the stand right now, lack any wisdom at all. On the one hand Financial Institutions and individual investors are penalized. On the other hand elected representatives at the national level (who are supposed to work for us) are free to trade on insider information without being penalized. It seems crazy, but is actually 100% true!
What is amazing to me about these huge insider trading investigations, which the Feds spare no expense of time and financial resources on is the fact that there are never any Congressmen or Senators that are probed and arrested for insider trading abuses. Oh wait.... It's not actually illegal to trade on insider information for those who are elected to the Senate or House... Silly me!
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Dec 14, 2010