Discuss insider trading.
Is it good or bad for the market and market participants?
Does it provide information to the market or exploit the market’s lack of information?
Should it be legal or illegal? Why or why not?
Would you feel differently if an insider manipulated a stock price to your advantage/disadvantage?
In the cases of Martha Stewart, Stephen A. Cohen (or, more specifically, his half dozen traders at SAC Capital), Ivan Boesky, Raj Rajaratnam, Billy Walters (co-starring Phil Mickelson), and Bill Ackman and Carl Icahn in Allergan, do you believe that each offense was equivalent? That each was punished appropriately? That any got a specifically good or bad deal? Should any of them not been punished? Should any of them have received stiffer sentences?
Opine on any other aspects of insider trading that you find interesting.