Stay Away The Inside Trader Review

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How to Get Away With Insider Trading

By John C. Coffee Jr.

    May 23, 2020

ANOTHER lurid case of insider trading has been uncovered: The former chairman of Dean Foods has admitted giving insider information to a well-known professional sports bettor in Las Vegas because he was mired in gambling debts. The sports bettor made an estimated $43 million over five years from this information, according to federal prosecutors. A second beneficiary of stock tips was the professional golfer Phil Mickelson, who had gambling debts of his own.

The prosecutors and the Securities and Exchange Commission deserve credit, but it’s a mixed victory: Neither the United States attorney nor the S.E.C. is prosecuting other people who benefited from the stock tips, including Mr. Mickelson. Why not? A serious shortfall in our law has hampered prosecutors and allowed insider traders — particularly those further down the chain of information — to dance around the rules.

Our insider trading law has become overly complex and burdensome for two reasons. First, neither Congress nor the S.E.C. has ever defined “insider trading” in a comprehensive way. So our laws are largely made by judges who, bound by precedent, rarely update law to fit new circumstances.

Second, our laws seek to balance different goals. The United States (unlike some other nations) does not adopt a simple “parity of information” approach under which one cannot trade on material facts that are not publicly available. United States law also values market efficiency: We want to encourage people to seek new information about companies through legitimate research. So the law basically prohibits trading on nonpublic information only when it has been wrongfully obtained or used.

This rule was first articulated by the Supreme Court in a 1983 decision, Dirks v. S.E.C. The defendant, Raymond Dirks, was a star securities analyst who heard from a whistle-blowing employee that an insurance company named Equity Funding was hiding that it was hopelessly insolvent. Mr. Dirks confirmed this and informed the authorities (including insurance regulators and the S.E.C.), all of whom, in typically bureaucratic fashion, took no action.

He next turned to journalists, but they would not report on his findings for fear of libel suits. When he told his clients, these investors reacted immediately by dumping their stock so that the company’s share price plummeted. Finally, the press paid attention, and the fraud was revealed.

Mr. Dirks was widely regarded as the hero of this story, a private-market equivalent of Woodward and Bernstein. But an embarrassed S.E.C. went after Mr. Dirks for insider trading. When the case reached the Supreme Court, it, too, saw Mr. Dirks as the hero and reshaped the law to give security analysts a protective safe harbor: The “tippee” who is given the inside information is liable only when the “tipper receives a direct or indirect personal benefit from the disclosure” — in effect, a bribe of some kind.

Unfortunately, this has proved too safe a harbor, frustrating prosecutors by insulating remote tippees who are several steps removed from the original tipper. In United States v. Newman, the Court of Appeals for the Second Circuit reversed the convictions of two hedge fund managers who made some $72 million virtually overnight by trading stocks based on the still-unreleased earnings of companies. The 2020 ruling said that, even if the defendants knew the information had been improperly leaked, they could not be convicted unless the government proved “that the tippee knew that an insider disclosed confidential information and that he did so in exchange for a personal benefit.”

The “personal benefit” rule makes ignorance bliss. The sophisticated trader will understand that he is insulated from liability so long as he does not learn that a personal benefit was paid or promised. “Don’t ask, don’t tell” may become the new industry code of behavior. The rule overlooks how the “favor bank” can work in a cozy industry like finance.

The Newman decision is making prosecutions harder. Since he became United States attorney for the Southern District of New York in 2009, Preet Bharara has won more than 80 insider trading convictions in just a few years, but in the wake of Newman, at least 14 of those convictions have been overturned, and that number is likely to rise.

Although the S.E.C. has resisted defining insider trading for decades, legislation now seems the best answer. We should eliminate the need to prove a “personal benefit” to the tipper, but not overrule the rest of the Dirks case. Thus, a trader who knows (or recklessly disregards) that his information was wrongfully obtained should be liable regardless of the benefit to the tipper. But someone who trades on market gossip or an analyst’s projection should not be liable.

A workable reform bill is not hard to draft. I worked on one such bill, introduced last year by Representative James Himes, Democrat of Connecticut, with Republican co-sponsors, that does basically what has been outlined above.

If a presidential candidate of either party wants to show that he or she has not been “captured” by Wall Street, the best signal would be support for insider trading legislation and a promise to prod Congress to enact it. If Washington can ever agree on anything, Washington can agree on that.

Stay Away: The Inside Trader Review

I worked at Maverick Trading for less than a year

Zero! All the money you are forced to put up, you can learn the same trading ideas on Options on Youtube

This place should be shut down by the Feds immediately! I’m not sure how they get away with this BS! They make you deposit 20% of your own capital, while they charge you commissions on trades and then if you happen to make a profit, they take a huge piece of that as well. Your better off trading and doing research on your own!

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Maverick Trading Response

January 18, 2020 –

Thanks for the review and for your opinion. We understand everyone is able to anonymously write reviews and voice their thoughts. I just want to touch on a few points. Anyone can learn this off Youtube – We believe Youtube is a great resource for learning. However, trading is a very tough profession and many people that “know” the strategies fail to make profits trading. Maverick provides not only training and capital but risk management and regular trading reviews with senior traders to help increase profitability. We have been reviewed by the SEC and have received a no action letter which is the best thing the SEC gives. We also have yearly compliance reviews with our Broker/Dealer (Interactive Brokers). We have a top notch legal team that has advised us over the past 20 years in business to make sure we are running a legal trading firm. We DO NOT MARK UP OUR COMMISSIONS on our traders as we are not a BD. We only profit from our trader’s trading activities when they profit.

Thread: Stay away from negativity

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Stay away from negativity

First of all, let’s understand what negativity is. “Negativity” is anything that is stressing you, tiring you mentally, stopping you from moving ahead, creating strained relationships, etc. It’s a thought process that is creating self-doubt, lowering your confidence, making you believe that you are not good enough, developing a fear of the unknown, and letting you believe that something bad is going to happen. Though. it is not possible to stay positive all the time. however, it is possible to create positive thoughts on 75-80% of times.
Because negativity steals away from you the most valuable thing of all, your peace of mind.
Anything that causes you strain, stress, undue pressure, you have the right to walk away from without explaining yourself.
You can only really rely on yourself. You deserve to be your priority.
For example .
when you walk on the road, you choose a path which is not filled with dirt.
If you encounter mud, pot holes on the road, you take diversion on the road and choose to ride on even road.
Same way, people always choose to group with positive energy rather negative energy.
If you are filled with negative emotions or energy, people avoid you completely over a period of time and you become isolated.
So replace negativity with optimism and positive thoughts, people start enjoying your company..

You are what your friends are.. So choose wisely ..

Hi dear whats up, well no one is perfect. It is factor by which a trader is good or excellent. For being perfect in the trading, a trader have to master in many aspects of the trading. He should be doing the trading in demo account for a long time. He should always be ready for the risk and its management. A trader should have strong basics about the trading. He should not use any robot, thanks buddy.

Be positive while tradings in forex.

Hello my dear friends I hope that you will always be fine, success in the world of Forex is risky and must be careful and good focus and stay away from problems because it leads to the negative trade and trading in the world of Forex must be trained in a demo account so you must take care to start it first

Hi dear friends I hope you have a wonderful trading day I would like to say that your message is absolutely great because mostly The peoples around us they are always talking negative more than positive. And those who are ignoring them they are on the right path but those who are just coordinating with them they are not successful in any field of life. And specially when we are talking the financial instruments trading about these markets there many negative points among other people even they don’t know the real fact of this market.

Therefore, do not follow them be positive think positive and do positive INSH***** ***** WILL GIVE YOU THE BEST REWARDS IN A POSITIVE WAY.

Forex trading business totally depends upon your mind if your mind is not focused and not working properly you cannot work in Forex trading business for long time so always make your mind positive it will reflect in your trades because your positive mind will give you positive numbers in your trades and same goes with the negative mind the choice is yours but kind of mentality you bring while trading with you and what kind of results do you want from your trades and if you want to be positive all the time then you should stay away from the negative people who impose their negative thinking into your mind thanks

Yes my dear brother you are right in saying that we should always stay away from the negative because the negative is dangerous and it is also dangerous and we should never go to him because it deceives us and in the right place. But not to the place where we are harmed

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  • Summary: You have $1500 and 30 days. Can you turn it into millions?

Inside Trader is the massively fun turn-based strategy game that’s revolutionizing boring meetings in conference rooms all over the country! Your job is to buy low and sell high. You have a tipster on the inside, but he’s You have $1500 and 30 days. Can you turn it into millions?

Inside Trader is the massively fun turn-based strategy game that’s revolutionizing boring meetings in conference rooms all over the country!

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Your job is to buy low and sell high. You have a tipster on the inside, but he’s not right 100% of the time. Plus, the SEC is after you. can your lawyer keep them at bay?

With short, normal, and long play modes Inside Trader is sure to give you as much fun as possible for all the time you have!

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