SAC capital has been caught and marketwatch interpretation is that the gvt is in position to flex its muscle ! http://blogs.marketwatch.com/thetell/2013/11/04/sac-capital-settlement-means-government-to-flex-its-muscle-to-the-maximum-degree-lawyers-say/
I think that we are talking about an iceberg here and insider trading has always been present in the market place but… probably never to the extent it is today. But what is really insider trading ?
Wikipedia definition is : http://en.wikipedia.org/wiki/Insider_trading
Insider trading is the trading of a public company‘s stock or other securities (such as bonds or stock options) by individuals with access to non-public information about the company. In various countries insider trading based on inside information is illegal. This is because it is seen as being unfair to other investors who do not have access to the information.
I think that the scope of insider trading will be extended to other activities like HFT, Politiciens, Lobbyist, Dark Pools operators and owners and also the TBTF banskters institutions which have been, are… able to socialize losses versus reaping fat profits and bonuses.
Washington politiciens and lobbyist
Privately owned dark pools