From: Eliezer S. Yudkowsky (sentience@pobox.com)
Date: Thu Jun 05 2003 - 17:16:53 MDT
Lee Daniel Crocker wrote:
>
> But of course this could be easily handled by contract law instead of
> being imposed by fiat: a stock exchange could require that all stocks
> sold on its exchange meet certain requirements, including the obligation
> for directors to disclose all material facts to stockholders in a timely
> way before taking personal profit.
Actually, I'd think this would be something to do on a per-company basis.
Then shareholders could decide for themselves whether to invest in a
company that permitted insider trading.
-- Eliezer S. Yudkowsky http://singinst.org/ Research Fellow, Singularity Institute for Artificial Intelligence
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