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Insider trade on Splunk acquisition?

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417 points mkmk | 1 comments | 21 Sep 23 15:58 UTC | HN request time: 0.851s | source
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lacoolj ◴[21 Sep 23 17:23 UTC] 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. jcalvinowens ◴[21 Sep 23 17:55 UTC] No.37601388[source]▶
Options are really zero sum, every dollar you make is necessarily a direct loss for somebody else.