re: #1 000G

“Insider trading is a very nebulous concept, and it’s almost a victimless crime”

I am surprised that Mediamatters could say such a thing. It is completely NOT true.

It is not nebulous at all, and it always has a victim.

Every trade has a winner and a loser. If I sell you shares and you know inside information that I don’t… you are stealing from me. I would very likely not sell it to you at that price, if I knew what you knew.

It works the same when you know information that will cause the shares to go down.

Nebulous? Everyone knows what is public information, and when they are taking unfair advantage. Not always easy to prove, but it is not nebulous.