| ▲ | pixl97 2 hours ago | |||||||
>1. People who have insider information, I mean, most stock trading prevents insider trading, unless of course you're a in congress. Seemingly regulators consider this a bug in every other market type, but suddenly this gambling market allows it? > breathless anxiety about this All fun and games until people start dying from it. | ||||||||
| ▲ | valkmit an hour ago | parent [-] | |||||||
Insider trading in stocks are prohibited but not for the reason most people think. It has nothing to do with someone having an unfair advantage in an informational sense, and everything to do with fiduciary responsibility. The CEO and executive team has fiduciary responsibility to act in the financial best interest of the shareholders. Your broker too. If you have insider info (Obtained legally) but no fiduciary responsibility you can act on it. That’s why congress members trading US equities based on decisions they’re privy to is not, from a legal perspective, insider trading. They don’t have a fiduciary responsibility to their constituents | ||||||||
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