If sec is not reacting to insider trading can't we go to Supreme Court

ipoguru

ipoguru

Senior Manager - Equity Analytics

Posts : 341
Equity Stars : 5509
Reputation : 25
Join date : 2011-03-02

If sec is not acting against insider traders can we go to supreme court to get the justice done? As I read some of the posts there are very clear evidence.
Fair play, is it falls under human rights? I guess not. Please share your thoughts.

Last edited by mark on Tue May 17, 2011 12:00 am; edited 2 times in total (Reason for editing : topic changed)

wis

wis

Manager - Equity Analytics

Posts : 253
Equity Stars : 5443
Reputation : 103
Join date : 2011-02-01

Justice is not free. As you may know, justice is a something you can pay and get. You can be a mass murderer or a the biggest fraudster but if you have enough power and money, police will salute you, magistrates will invite you to their parties, media will praise you.
I know of a person who was killed by stabbing with a screwdriver by a thief who was burglaring that person's house. The orphaned children and their mother had to endure life time of hardships. The burglar was out of prison in a couple of years. That was justice. Right thing that should have happened was that the person should have been forced to work like a slave or an ox to feed those children every penny he earn for the life time. But that didn't happen.
If you're lawyers or law students I invite you to file cases against the Security Leak Commission, the manipulators the whatever way you can. For the rest of us there's nothing we can do against the law unless we take the law unto our hands and the law will punish for that. Those high net worth people who are manipulating the market already have lawyers working for them and the Security Leak Commission will not work against them. But even if you're a lawyer or a law student it's highly unlikely you will go against these people with money and power because that is what your career is. Work to bring justice for the people who pay you.

innam

innam

Manager - Equity Analytics

Posts : 215
Equity Stars : 5756
Reputation : 130
Join date : 2010-07-02
Location : Bacon county, GA

please don't go to the supreme court.
to enforce and regulate the share market properly the regulators and enforcers need to have personally traded and need to have experience in capital markets.
nobody in the SEC seem to have personally traded (that's why you get all these ridiculous monthly rule chanegs and goni-billa formulas that dont work in practise). you can be pretty certain that nobody in the court system has personal trading experience (look what's happened to TWOD, it's taken our supreme court nearly a year to give a simple judgement)
if someone is stupid enough to go to the courts our judges are likely to give an injuction to halt market trading for 5 years untill they wake up and give a judgement.
so let's not get too far ahead of ourselves. the system is not perfect but the regulators and enforcers are worse.
the best way to stop insider trading is to appoint people with capital market experience on to the SEC and not people with political connections.

Slstock

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13567
Reputation : 1158
Join date : 2011-01-22

innam wrote:please don't go to the supreme court.
to enforce and regulate the share market properly the regulators and enforcers need to have personally traded and need to have experience in capital markets.
nobody in the SEC seem to have personally traded (that's why you get all these ridiculous monthly rule chanegs and goni-billa formulas that dont work in practise). you can be pretty certain that nobody in the court system has personal trading experience (look what's happened to TWOD, it's taken our supreme court nearly a year to give a simple judgement)
if someone is stupid enough to go to the courts our judges are likely to give an injuction to halt market trading for 5 years untill they wake up and give a judgement.
so let's not get too far ahead of ourselves. the system is not perfect but the regulators and enforcers are worse.
the best way to stop insider trading is to appoint people with capital market experience on to the SEC and not people with political connections.

Agree with your comment with + rep.

stumpy

stumpy

Senior Manager - Equity Analytics

Posts : 515
Equity Stars : 5877
Reputation : 51
Join date : 2011-04-29
Location : Colombo

innam wrote:please don't go to the supreme court.
to enforce and regulate the share market properly the regulators and enforcers need to have personally traded and need to have experience in capital markets.
nobody in the SEC seem to have personally traded (that's why you get all these ridiculous monthly rule chanegs and goni-billa formulas that dont work in practise). you can be pretty certain that nobody in the court system has personal trading experience (look what's happened to TWOD, it's taken our supreme court nearly a year to give a simple judgement)
if someone is stupid enough to go to the courts our judges are likely to give an injuction to halt market trading for 5 years untill they wake up and give a judgement.
so let's not get too far ahead of ourselves. the system is not perfect but the regulators and enforcers are worse.
the best way to stop insider trading is to appoint people with capital market experience on to the SEC and not people with political connections.

he he! So true Innam!

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

If sec is not reacting to insider trading can't we go to Supreme Court

1 If sec is not reacting to insider trading can't we go to Supreme Court Mon May 16, 2011 11:37 pm

ipoguru

2 Re: If sec is not reacting to insider trading can't we go to Supreme Court Tue May 17, 2011 10:51 am

wis

3 Re: If sec is not reacting to insider trading can't we go to Supreme Court Tue May 17, 2011 10:55 am

innam

4 Re: If sec is not reacting to insider trading can't we go to Supreme Court Tue May 17, 2011 10:57 am

Slstock

5 Re: If sec is not reacting to insider trading can't we go to Supreme Court Tue May 17, 2011 12:27 pm

stumpy

6 Re: If sec is not reacting to insider trading can't we go to Supreme Court

Sponsored content

New topics