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417 points mkmk | 1 comments | | HN request time: 0.252s | source
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lacoolj ◴[] No.37600881[source]
Let's assume this turns out to be insider trading. Can someone shed a little insight on why this is worthy of a prison sentence?

To me, even if they used information they had and we didn't, I don't see who the "victim" of this crime would be. It truly sounds like a "but it's unfair" argument and I'd really like to know why I'm wrong here.

Thanks in advance

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1. sausagefeet ◴[] No.37601190[source]
It all depends on your values. A lot of good things happen by trying to reduce unfairness, where possible. Public schools allow anyone to be able to get an education, not just those with money. Health care lets people get the help they need if they are unlucky enough to get a devastating disease.

So the "victim" here is society. People can use their connections to get an advantage over others. They can turn that money and those connections into an even larger advantage. Then their relatives can inherit that and continue that. And if the system is blatantly rigged, why would normal investors want to be involved in the market?

Again, it depends on your values.