SEC Declares Educated Guessing Illegal

The SEC has brought an insider trading case that is so trivial, so bone-headed, so absurd that you’d swear it was a piece of satire from The Onion…. When the government tries to make pillow talk illegal, it’s time to rethink the law. The problem with insider trading is that most people have no idea what it is or where the boundary lines are. [Toby] Scammell didn’t, so he had to figure it out on his own.

Read more: SEC Declares Educated Guessing Illegal — Business Insider