Quotes & Sayings About Insider Trading

I'm not an ultra-libertarian who thinks there shouldn't be insider-trading laws at all. — Gary Weiss

This document outlines our plan to perpetrate insurance fraud, insider trading, and character assassination.
... hopefully tripling our paycheck on this job.
Okay, see? Those words I understand just fine. Use them more often.
-Lieutenant Massey Reynstein & Captain Tagon — Howard Tayler

I spoke bluntly about what I had seen in a little over a year as United States Attorney for the Southern District of New York. To the apparent surprise of many in the room, I observed publicly that insider trading appeared to be rampant. — Preet Bharara

Unfortunately, from what I can see from my vantage point as the U.S. Attorney here, illegal insider trading is rampant and may even be on the rise. — Preet Bharara

If companies tell us more, insider trading will be worth less. — James Surowiecki

Insider trading by hedge funds has a long and distinguished history, dating to the days when people didn't know that there was such a thing as a hedge fund. — Gary Weiss

I'm not an insider. I'm not on the board. I'm an outsider. That implies a certain kind of separation ... because the company can't, without an appropriate nondisclosure and trading rules, share confidential data with me that it would not share with any other shareholder. You could say that implies a certain kind of separation. — Steve Ballmer

The aggressive use of wiretaps is important: It shows that we are targeting white-collar insider-trading rings with the same powerful investigative tools that have worked so successfully against the mob and drug cartels. — Preet Bharara

Securities fraud generally and insider trading in particular should be eminently deterrable crimes. — Preet Bharara

Under the appeals court ruling, the government must also show more than just friendship between people sharing in inside information in order to establish a benefit - one of the elements of proving insider trading. The court said the person passing on a tip must receive something of some consequence. — Anonymous

Tiptoeing on a tightrope past insider trading laws may be deft and clever, but it doesn't make it right. — Andrew Ross Sorkin

I think (fantasy football) has become something that needs to be looked at in terms of regulation. Effectively, it's day trading without any regulation at all. When you have insider information, which has apparently been the case, when you have people who use that information, use big data to try and take advantage of it, there has to be some regulation. If they can't regulate themselves, then the NFL needs to look at moving away from them a little bit, and there should be some regulation. — Jeb Bush

Insider trading tells everybody at precisely the wrong time that everything is rigged, and only people who have a billion dollars and have access to and are best friends with people who are on boards of directors of major companies - they're the only ones who can make a true buck. — Preet Bharara

Significant officials at publicly traded companies are casually and cavalierly engaged in insider trading. Because insider trading has as one of its elements communication, it doesn't take rocket science to realize it's nice to have the communication on tape. — Preet Bharara

Fifteen years ago, this would have been insider trading, but that quaint concept had disappeared a decade or two ago when so many brokers were doing it that it was impossible to jail them all. Now it was called smart trading. — Max Barry

Why are people who are appalled at insider trading so quick to trade on inside information when it comes their way? — Jonathan Clements

I am troubled that someone would sell a book, trading on their service as a government insider with access to our nation's most valuable intelligence, in order to profit from the suffering that this nation endured on September 11, 2001. — Bill Frist

Former Enron founder Ken Lay and CEO Jeffrey Skilling found guilty in the Enron case. Ken Lay is so guilty I'm surprised people aren't calling him Congressman Ken Lay. Wait 'till these guys find out in prison that insider trading has a whole new meaning. — Jay Leno

Gossip is certainly one of the things that language is useful for, because it's always handy to know who needs a favor, who can offer a favor, who's available, who's under the protection of a jealous spouse. And being the first to get a piece of gossip is like engaging in insider trading: You can capitalize on an opportunity before anyone else can. — Steven Pinker

But what if the great secret insider-trading truth is that you don't ever get over the biggest losses in your life? Is that good news, bad news, or both? ... The pain does grow less acute, but the insidious palace lie that we will get over crushing losses means that our emotional GPS can never find true north, as it is based on maps that no longer mention the most important places we have been to. Pretending that things are nicely boxed up and put away robs us of great riches. — Anne Lamott

Federal authorities have informed Martha Stewart's lawyers she will be indicted for her role in the ImClone insider trading scandal. Good news for Martha - stripes are back in this year. — Craig Kilborn

Insider trading is hard to prove. To be convicted, a person must have bought or sold a stock based on material information that is both unknown to the general public and likely to have had an important effect on a company's stock price. — Alex Berenson

That is the lesson I have learned about our justice system and their war on insider trading. It doesn't matter what you did but what you do when they ask for your cooperation. — James Fleishman

President Obama signed a bill preventing members of Congress from profiting from insider trading. Didn't you think that was already illegal? — Jay Leno