Friday, May 20, 2011

Cracking Down on Insider Trading

link

This was an interesting article regarding the crackdown on insider trading. I am all for trying to put a stop to it, but do you feel its wrong to do so using wiretaps and invading privacy?
Posted by at

5 comments:

  1. BethMay 21, 2011 at 9:41 AM

    Good find, Ryan. That's a pretty big step to take to prevent insider trading. Clearly this is an invasion of privacy. Even though insider trading is illegal for very good reasons, I don't think that I support going so far to root out the problem. There's got to be a paper trail somewhere to prove insider trading activity without invading someone's privacy like this. That being said, I'm open to someone trying to convince me that this is a good thing.

    ReplyDelete
  2. JaredCohenMay 22, 2011 at 6:39 PM

    The article listed numerous problems that face shareholders when others act on insider information. If the hardest part about insider trading is actually convicting the guilty, then I am not opposed to wire taps and other methods of evidence gathering.

    ReplyDelete
  3. EMeisheMay 22, 2011 at 8:34 PM

    I can see how it would be a difficult to prosecute successfully. I also agree that it is a serious crime but I do not support wiretapping for this purpose. It is not the only method available and using it almost certainly invades the privacy of innocent people thereby violating their constitutional rights.

    ReplyDelete
  4. Michelle MMay 23, 2011 at 6:41 PM

    I think that wire tapping should only be used when and if there is suspicion of insider trading. If the person is repeatedly raising alarms that he or she is abusing insider information, there needs to be a way to prosecute him or her. Yes, we have our freedoms in this country, but they are only sustained when you abide by the laws that govern you. As soon as he or she started partaking in illegal behavior, it should allow the government to bring that person to justice and I don't think that wire tapping is taking away too many liberties. Wire tapping occurs already for the Mob and other illegal groups, why is it wrong on wall street?

    ReplyDelete
  5. MattMay 25, 2011 at 2:13 PM

    Insider trading is definitely a huge concern and we need to find a way to effectively regulate it, but I do not think that invading people's privacy is the way to go. The problem is insider trading is extremely hard to spot and even harder to prove... I don't think we're going to eliminate this problem anytime soon.

    ReplyDelete

Subscribe to: Post Comments (Atom)