SEC Enforcement of Insider Trading Dropped to Lowest Point in Decades

Re:SEC Enforcement of Insider Trading Dropped to Lowest Poin... by postnihilism on Saturday August 15, 2020 @02:01AM (#24166375)

And immediately the single most important aspect of financial success in the United States becomes having golf buddies that work in finance and M&A.

[ Parent | on HN ]

Re:SEC Enforcement of Insider Trading Dropped to Lowest Poin... by roenxi on Saturday August 15, 2020 @02:07AM (#24166412)

> ... becomes ...

What do you think the best predictor is at the moment?

Do you think it is even hypothetically possible that these people aren't comparing notes over golf?

And why is it objectionable? There are enormous information imbalances out there in the market - why be upset about this one? CEOs aren't the biggest fish in the pond.

[ Parent | on HN ]

Re:SEC Enforcement of Insider Trading Dropped to Lowest Poin... by postnihilism on Saturday August 15, 2020 @02:12AM (#24166436)

It's currently a good predictor (socio-economic clustering) but it's less causal (find the right buddy -> immediately become wealthy).

It's objectionable because it introduces yet another mechanism for dramatically increasing inequality and economic stratification while also making capital markets more corrupt and less efficient, which undermines core aspects of our economic system.

[ Parent | on HN ]

Re:SEC Enforcement of Insider Trading Dropped to Lowest Poin... by jariel on Saturday August 15, 2020 @02:26AM (#24166501)

True, but it's not due insider trading, rather all the other 'regular' insider stuff.

[ Parent | on HN ]