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Post by Jayman on Oct 13, 2019 0:03:39 GMT
 im just an innocent neutral party. I hope I am not a troll  Definitely not! You are like an early Criminal Intent era Vincent D'Onofrio! Nah, I meant these two cuties, dirtypillows and ToastedCheese. "Trolling" is not always negative, at least not to me; more than half the time that I use it, it's pretty much synonymous with "posting" and usually implies some fun is being had by someone somewhere. Oh ok I haven’t heard trolling described in such a positive way. I like that Uh oh, you’re the second person that said I remind them of Vincent Donofrio. I’m not convinced that is a good thing but I guess I should just say screw and embrace it
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Post by Aj_June on Oct 13, 2019 0:08:37 GMT
Because insider trading undermines public confidence in the integrity of the capital markets. Investors confidence is key to an efficient capital market and if that trust is eroded then capital markets will fail. Not everyone is in a position to decline to be a part of the financial market. There are players in the game such as those who are willing to hedge, speculate, or preserve their wealth. And there other people whose sole source of income in their later years would be the funds they invested in capital markets. At the end of the day, our Society benefits from efficient capital markets in which funds flow freely to their most productive uses. For the capital market to be efficient investors need to have faith that the financial markets are transparent and just and provide them with an opportunity to make money from the risk they take. If a selected few rigs the game to the loss of others then it isn't fair.
To give you a more direct example of insider trading harming our society would be the example of FrontPoint. Dr. Yves Benhamou was a person overseeing a certain hepatitis C related drug. He provided the negative news of the failure of drug trails to a portfolio manager of FrontPoint, Joseph F. “Chip” Skowron before the news was made publicly available by the company that was developing the drug ( Human Genome Sciences (HGSI)). Frontpoint's portfolio manager Skowron sold all the holdings of HGSI and saved his firm over $25 million. But when it was found out what Skowron had done the public lost confidence in FrontPoint and started pulling their money out of it. Within a year or two FrontPoint lost 90% of the assets under its management and went from 10$ billion hedge fund to just $1 billion hedge fund. Even though the company was clean and only one of its portfolio managers was involved in insider trading the pubic confidence took a hit because of unethical actions of one portfolio manager.
Skowron later said: "Over 200 people lost their jobs because of me. My wife and my children endured extraordinary embarrassment, isolation, and absence because of my choices because of the empire I thought I needed to build."
One of the codes of ethics of the industry I am part of states that:
"Promote the integrity and viability of the global capital markets for the ultimate benefit of society."
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Post by dianachristensen on Oct 13, 2019 0:13:26 GMT
Definitely not! You are like an early Criminal Intent era Vincent D'Onofrio! Nah, I meant these two cuties, dirtypillows and ToastedCheese. "Trolling" is not always negative, at least not to me; more than half the time that I use it, it's pretty much synonymous with "posting" and usually implies some fun is being had by someone somewhere. Oh ok I haven’t heard trolling described in such a positive way. I like that :) Uh oh, you’re the second person that said I remind them of Vincent Donofrio. I’m not convinced that is a good thing but I guess I should just say screw and embrace it :) AMG, early Criminal Intent era, *early*... He was berry, berry handsome.
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Post by Dirty Santa PaulsLaugh on Oct 13, 2019 0:22:54 GMT
You’ll never be in a position to do “insider trading,” so why are you in a huff about it? Since you’re not as you say “savvy,” why not read up on it.
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Post by Jayman on Oct 13, 2019 0:24:47 GMT
 Oh ok I haven’t heard trolling described in such a positive way. I like that Uh oh, you’re the second person that said I remind them of Vincent Donofrio. I’m not convinced that is a good thing but I guess I should just say screw and embrace it AMG, early Criminal Intent era, *early*... He was berry, berry handsome. Oh ok. thank you then  I’m still used to mostly seeing the guy bald too lol and on daredevil he was a cold hearted killer 
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Post by Toasted Cheese on Oct 13, 2019 12:24:05 GMT
That is a morally bankrupt attitude. This thread is pretty much two best buddies trolling, liking one another's posts which reach very strenuously in attempts to come across as edgy and provocative. It's kind of cute. 
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Post by Toasted Cheese on Oct 13, 2019 12:25:53 GMT
im just an innocent neutral party. I hope I am not a troll Definitely not! You are like an early Criminal Intent era Vincent D'Onofrio! Nah, I meant these two cuties, dirtypillows and ToastedCheese. "Trolling" is not always negative, at least not to me; more than half the time that I use it, it's pretty much synonymous with "posting" and usually implies some fun is being had by someone somewhere. I don't troll the dirt, I stalk the pillows.
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Post by Toasted Cheese on Oct 13, 2019 12:29:44 GMT
You’ll never be in a position to do “insider trading,” so why are you in a huff about it? Since you’re not as you say “savvy,” why not read up on it. Like another poster has commented though, it is an "invention" made up for investors to get a fair chance, when there are those that are influential enough to give themselves an even more fair chance— or is that unfair advantage over others—with the knowledge of insider information and make it work for them with no repercussions. It is just the way it works and there is NO fairness. It is just a ruthless game and insider trading is a pretense to make out that something is being done about it.
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Post by Dirty Santa PaulsLaugh on Oct 13, 2019 15:31:31 GMT
You’ll never be in a position to do “insider trading,” so why are you in a huff about it? Since you’re not as you say “savvy,” why not read up on it. Like another poster has commented though, it is an "invention" made up for investors to get a fair chance, when there are those that are influential enough to give themselves an even more fair chance— or is that unfair advantage over others—with the knowledge of insider information and make it work for them with no repercussions. It is just the way it works and there is NO fairness. It is just a ruthless game and insider trading is a pretense to make out that something is being done about it. Of course ruthless. We’re talking the most important thing to human beings here: Power and the thing that funds power: Money. Money buys the future. That’s why are laws in place. Very often it’s other investors inside the company who will rat out the insider traders. The law is a protection for the other investors.
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Post by Toasted Cheese on Oct 13, 2019 21:36:37 GMT
Like another poster has commented though, it is an "invention" made up for investors to get a fair chance, when there are those that are influential enough to give themselves an even more fair chance— or is that unfair advantage over others—with the knowledge of insider information and make it work for them with no repercussions. It is just the way it works and there is NO fairness. It is just a ruthless game and insider trading is a pretense to make out that something is being done about it. Of course ruthless. We’re talking the most important thing to human beings here: Power and the thing that funds power: Money. Money buys the future. That’s why are laws in place. Very often it’s other investors inside the company who will rat out the insider traders. The law is a protection for the other investors. Good point, money does buy the future and that is why the game is so ruthless. The law on insider trading is an invisible barrier and that is the point being made, that the ruthlessness of the game requires insider trading for it to work. How else is the money going to be made? Insider trading is just a ruse for smaller fry of investors to distract from what is going on at the top.
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Post by lenlenlen1 on Oct 14, 2019 14:25:36 GMT
Because it gives only a small few, the insiders, an unfair advantage. That reeks of "boo hoo! not fair!" Since when did these ruthless players care about the rules and playing nice? Honor among thieves? Girlfriend, please! This is not Robin Hood and His Merry Bandits. Jealousy and greed rule the day. Again, sounds to me like sour grapes. I would think 95% of that particular group would pounce on the chance for an insider tip. Of course, if they can catch the competition with their hand in the cookie jar, they're going to scream foul, loud and constant. It's all a big game. Now, I will have to see if Amazon prime has "Wall Street", as I have never seen it. Maybe Michael Douglas will have a nude scene or something. He was beautiful in his 30s and when he reached his 40s, he traded out his beauty for sex appeal. He seemed like an extremely horny creature. I imagine even worse: I imagine that insider trading happens ALL the time but no one can prove it. Its only the instances they can prove that are prosecuted or even heard about. How could you prove that one buddy was helping out another buddy with a little info? Next to impossible if you don't get greedy and make it obvious.
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Post by lenlenlen1 on Oct 14, 2019 14:27:19 GMT
Definitely not! You are like an early Criminal Intent era Vincent D'Onofrio! Nah, I meant these two cuties, dirtypillows and ToastedCheese. "Trolling" is not always negative, at least not to me; more than half the time that I use it, it's pretty much synonymous with "posting" and usually implies some fun is being had by someone somewhere. Oh ok I haven’t heard trolling described in such a positive way. I like that Uh oh, you’re the second person that said I remind them of Vincent Donofrio. I’m not convinced that is a good thing but I guess I should just say screw and embrace it Oh shit, that icon does look like a young D'Onofrio! lol
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Post by Jayman on Oct 14, 2019 16:26:37 GMT
Oh ok I haven’t heard trolling described in such a positive way. I like that Uh oh, you’re the second person that said I remind them of Vincent Donofrio. I’m not convinced that is a good thing but I guess I should just say screw and embrace it Oh shit, that icon does look like a young D'Onofrio! lol 
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Post by Eλευθερί on Oct 14, 2019 18:27:11 GMT
I imagine even worse: I imagine that insider trading happens ALL the time but no one can prove it. Its only the instances they can prove that are prosecuted or even heard about. How could you prove that one buddy was helping out another buddy with a little info? Next to impossible if you don't get greedy and make it obvious. THIS. Except, I would add that it requires more than being able to prove it. It also requires a political demand that investigation & prosecution be pursued, which is usually lacking. Every once in a great while they will make a sacrificial lamb of a Martha Stewart or a Michael Milken, but insider trading is rampant & little is generally done about it.
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