If this decision remains in effect, those desiring to improperly obtain information from insiders can do so safely as long as the government can’t prove the trader knew the insider got value. That should shock Congress to get back in the game and rationalize the insider-trading laws to restore the integrity of the markets. Otherwise, they should just admit they want hedge funds to have an edge over other investors.
via Insider-Trade Law Should Get Rethink – WSJ
