누가 내부자 거래로 실제 피해를 보는 걸까? 🤔

You cannot be this stupid I’m sorry…

Lmaoo joke of the year

It harms the people who you stole $100 million from... The liquidity of retail investors that is now part of your net worth.

Just when you think this sub can't get any worse, it does

I was going to say whoever is on the other side of the trade but in reality you are hurting everyone else by trading on information thats only available to you.

It’s more about rules for me but not for thee

It makes an uneven playing field. That guy made $100 million and little retail investor got nothing because he did not get the memo

There is no concrete victim, because you can’t trace exactly who you bought it from, if they were going to sell it anyways, or whatever web of electronic trading firms there are. Shares are fungible.

Insider trading undermines the confidence in the stock market, which hurts everyone.

Like I'm out here in the parking lot playing rock paper scissors and suddenly someone comes up and says dinosaur I win.

Sure you can blame me for playing in the first place but surely you can see what's wrong about someone saying "haha fuck rules"

If you are going to use the public market to raise funds then you agree to play by the rules of that market.

Ok this is the top I’m calling it lol

It harms people *and* the system at the same time.

You could make the same argument about match fixing in sport. Who cares if a team throws a match - it's just a game, right? Sure, but if people lose confidence in it because 'the game is rigged' and it's perceived to be unfair, they'll stop watching and pull their money out.

It's also a sign of poor governance. You said, 'If I'm a politician.. and I get some news.' How did you get the news? Did you bribe someone? Did you twist someone's arm, obtain confidential docs or legislate with the intention of making money? Insider trading very often goes hand-in-hand with abuse of office and outright corruption.

Imagine I know the value of widgets are about to go through the roof. You own a bunch of widgets and don't have this information. I use this informational advantage to call you up and offer to buy your widgets for $20 each. A fair price based on publicly available information, so you sell me all your widgets. The next day, the news becomes public and the price of widgets more than doubles. I sell for $50 each. I just screwed you out of $30 a widget.

Aside from the dollar losers that are obvious:

It hurts investor confidence in general, it makes attracting new investors more difficult, it reduces foreign investment

Think about it, let’s say you know a certain country is corrupt - you don’t live there, you wouldn’t invest $1. You do live there? You might, but you might invest in another country’s market if you have access

It stifles innovation and creates nepotism. Why would a smart guy start a business in your country if they have zero political connections, when they can move to a less corrupt country and have a better chance of success

It hurts your electability, why would people re-elect said politician unless he shares the insider info with them?

It’s a conflict of interest, you may be tempted to pass certain laws that you know can boost your portfolio, e.g. buy a cannabis stock in mass, then make a good push to make that specific company allowed to sell cannabis in your state/country

Same thing if you short a company, then go attack it with your political powers.

On a lower level of insider trading it hurts confidence in your future ventures. For example - executive X insider trades freely and makes lots of money. If that executive moves to a new company or starts a new venture, it may be difficult to attract $ because people know that X is going to unfairly profit more than anyone else.

Can we have a running leaderboard of dumbest post? I’ve been coming here for years. This might be one of most ret*rded posts I’ve seen on Reddit. 

i bet you want steroids in the olympics too

It's interesting seeing redditors simp for market makers, they must have forgotten how market makers halted the markets during the GME fiasco so that big players could unload their positions while retail was left holding the bag.

It hurts everyone. The market, debt, and currency runs on trust. Bears arent evil and bulls aren't good. Price discovery is the purpose of the market, but if it's distorted through insider info either up or down, people lose trust in institutions which then will destroy the belief that funds are safe. If the US defaults on it's debt, would you buy it again?

It's a victimless crime, and it punishes nobody but the poors, the big guys up at the top are insider trading all the time. The laws are designed to keep mid level employees from profiting from their jobs and leaving haha