Nathan B. Hannah, attorney
  • Home
  • Links
  • Law Blog
  • Music Blog

BECAUSE IT’S CHEATING, THAT’S WHY

5/16/2017

0 Comments

 
A post at the Cato Institute blog asks, why is insider trading illegal?  It tells the story of what sounds like insider trading at its most benign: a former star ballplayer who just happened to find out from his CEO neighbor that the neighbor’s firm was about to be acquired by a giant corporation.  The ballplayer bought some of the stock, and told others to do the same.  He profited handsomely when he later sold the stock.
I claim no expertise whatsoever in securities law.  It’s a very complicated are, inhabited by specialists.  I will never dabble in it.  But I can tell you the easy answer to the question posed by that Cato blog post: because it’s cheating.  It’s profiting through knowledge that isn’t available to you and me, only to those whose neighbors happen to be CEOs.  
The argument that it’s a case of “no harm, no foul” doesn’t cut it with me.  If my team is stealing the opposing team’s signals, but we lose the game anyway, is the league going to let it slide?  I don’t think so.
0 Comments



Leave a Reply.

    Author

    The contents of this blog, this web site, and any writings by me that are linked here, are all my personal commentary. None of it is intended to be legal advice for your situation.
    If you want to read more, take a look at my newsletter archive.

    Archives

    March 2023
    April 2021
    October 2020
    September 2020
    August 2020
    June 2020
    May 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014

    Categories

    All
    Estate And Gift Tax
    Estate Planning
    First Amendment
    Income Tax
    Lawyer
    Real Estate
    Tax

      To get updates via email:

    Subscribe to Newsletter

    RSS Feed

Proudly powered by Weebly
  • Home
  • Links
  • Law Blog
  • Music Blog