Headline News

April 11, 2011, 3:51 pm 

Why Insider Trading Is Wrong

By PETER J. HENNING New York Times

Are there any literate journalists around any more? Do you know what the punch line to this cogent and carefully thought out article is?

Perhaps the strongest argument about why insider trading is wrong is the simplest: because it is. 

Really Mr Henning? You truly have the courage to cash your paycheck? This debate is so vague. Are Wall Street analysts who do real homework on the companies they recommend subject to dealing on "non-public' information? They go to company presentations and interview management. Go to Seeking Alpha com and read some of the transcripts. There is a list of questioners that are the cream of Market analysis in each transcript.  Maybe the real question is: if your money is in the market, why aren't you part of the transcript?

And do not worry about "inside trading". The secretaries who read documents they are copying will get caught when their boyfriends make life changing profits on a trade. And it will be nearly impossible to convince me that analysts with their ears everywhere on Wall Street will trade away their livelihood for 1/2 of 1% of their assets.