Re: Martha Stewart and her Merrill Lynch Broker

From: Eliezer S. Yudkowsky (sentience@pobox.com)
Date: Thu Jun 05 2003 - 17:16:53 MDT

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    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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