Insider Trading: Grand Game "Mad-Enough-to-Spit" Edition
Wow. Wowdie wow wow. Exec thinks company has had good month. Exec posts happy note to this effect on Facebook. Regulatory thugs call this "insider trading", and prosecute.
This was not a secret note to investors. It. was. on. Facebook.
For reasons I have never understood, "insider" trading makes lefties insane. Drvies them mad. And so on.
I actually find this argument persuasive: if we allowed insider trading, prices would be more accurate.
But you can stop well short of that view and still think it's okay to post accurate information on Facebook. I mean, IT WAS ON FACEBOOK.
Judge for yourself, friends. That's the law. And here is the Facebook post. Click for an even more public and open image:
Nod to Angry Alex.