Quote:
Originally posted by brianna
generally i agree but i think most people fail to understand insider trading laws -- they run counter to most people's instincts (ie if someone in the company tells you things are looking bad you CANNOT sell your stock) and breaking such laws is *so* rampant that when someone is caught it does tend to feel like the're being singled out for something everyone else is doing as well. I'm not saying that such laws should not exist, but it would be tough to be singled out for a crime that it seems everyone is committing. I once was pulled over for doing 72 in a 65 and though i ended up getting out of the ticket I would have felt damn pissed if i had been ticketed -- not because I didn't break the law, but because the law hardly seems enforceable when so many people are breaking it.
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If you're playing in the stock market at all, you should be well aware of insider trading laws. Warnings are sent out in my company all the time so it's a little hard to plead ignorance of it, especially if you
run the company! She knew the law and she
chose to break it (had she, actually, commited the crime, of course).
Many laws can't be enforced onto everybody because of a lack of governmental resources but that doesn't make the laws any less respectable. Speeding is a good example, as is child pornography. If you're going to be pissed off that you got a ticket while so many others didn't then you might as well be pissed off that so many people other than you are rich (assuming you're not, of course)...