The Five Biggest Insider Trading Scandals

welcome back to patrick boyle on finance today's video is about insider trading and the lessons we can learn from it if you're worried about it being dull rest assured we do have the biggest insider trading scandals here but those scandals include strippers bombers pickle sharks and even snoop dogg for shizzle i don't really know what that means i was told to say it by a young person anyhow while this was meant to be a top five video right before filming i found the sixth one that was so good i had to shoehorn it in so stay tuned to the very end i guess what i'm trying to tell you is that i've got some good stories for you now when most people hear the term insider trading they think of the crime but insider trading is just the trading of a public company's securities by people with access to non-public or insider information about the company there are rules about how insiders are allowed to trade forms they have to fill out and so on and these differ around the world insider trading becomes illegal when a person bases their trading decision on information that the public does not know it's illegal to trade stock in a company based on insider information and it's also illegal to pass on that information to another person so that they can trade in such a situation the person passing on the information is breaking the law as is the person receiving it if they trade on the information securities regulators want to make sure that all investors are making decisions based on the same information and this is important because in parts of the world where such rules are not enforced the public lose faith in markets which both makes it hard for companies to raise money as no one wants to invest without inside information but it also prevents the public from earning a good return on their savings by investing which is bad for the economy one of the reasons that investors are less willing to invest in emerging markets is that they feel that they might be the sucker at the poker table today's content is brought to you by our sponsor profund.com run by my friend paul das if you're looking to use email marketing to raise assets and connect with potential investors profund.com ...