No matter what investors see as government attempts to even the playing field by convicting those who attempt to use inside securities information, many investors are still missing the point.
What is illegal is the sale or divulging of information you are contractually not permitted to divulge, as part of your employment.
What you can divulge about your special securities knowledge is vague. Many individuals are convicted of merely lying, as in the Martha Stewart case.
Yes, there is an advantage of being an ‘inside player” in the securities field, and has to do with the job or work you may have in the securities industry. But this is not illegal. It does cause a disadvantage to investors who choose to engage such inside players when it’s often unnecessary.
I always suggest investors avoid dealing with inside players.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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