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Re:Why Is Spoofing Bad? by bko on Thursday April 23, 2015 @07:47AM (#9426035)
The most convincing case I heard for making insider trading legal was in a 2003 Wall Street Journal op-ed [0].

[0] http://www.wsj.com/articles/SB104786934891514900 (Paywall) [1] https://www.google.com/#q=%22the+case+for+insider+trading%22 (Google search results, top result)

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