Trigger
Just read “Büros durchsucht/Großrazzia wegen Insiderhandels”. Law enforcement raided about 50 offices in Germany and Switzerland in conjunction with insider trading. A total of 23 persons were considered as suspects. 150 police officers, 20 officers of the German SEC, and 8 attorney generals took part.
These suspects knew each other from previous professional engagements or from hanging out together at same associations or because they had the same hobbies.
Is Insider Trading A Crime?
Not really!
I also just read that the founder of open-end mutual funds in the U.S. (Paul Codman Cabot) actively obtained nonpublic material information on a regular basis in the 1930s before it became an artificial crime.
Chilling Effect On Investment
We are now living for about more than five years now in the Great Depression and our politicians and law enforcement have nothing better to do but to go after insider trading?
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