Is insider trading really a crime?

posted by
May 16, 2011
Ludwig von Mises Institute
by Robert P. Murphy  
Posted in Commentary

"A major piece of financial news last week was billionaire Raj Rajaratnam's conviction on 14 counts of securities fraud and conspiracy. Rajaratnam, founder of the hedge fund Galleon Group, was worth an estimated $1.8 billion in 2009. His conviction has pleased those who want the feds to crack down on 'insider trading' and show the fat cats on Wall Street that they aren't above the rules." (05/16/11)

http://mises.org/daily/5289/Is-Insider-Trading-Really-a-Crime  

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