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What are the crimes with no victims?
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yes, there is a middle man, but some of those stocks were sold to the market maker by your shareholder in anticipation of this transaction.
you wouldn't let the guy come into your living room and purchase the stocks from you right there, so why is it ok if there is a middle man?
First of all you are just wrong.
1. Not all stock transactions involve a market maker.
2. If a person trades stock using insider information, somebody is going to lose money they wouldn't have if the insider trading didn't occur. Whether the transaction involved a market maker or not, makes no difference. The loss will either be born by the market maker, or more likely passed on directly to a future purchaser.
You don't seem to have any grasp at all of markets or economics. There is no magic way to make money. There is absolutely no wealth created or lost when people transfer ownership of property, which is all stock trading is. If one person avoids losing money by using insider information, somebody else is going to lose the money, unfairly under the rules of the game. That is the definition of a victim.
Vic
Elite Member
There are no "victimless" crimes. In someone's opinion, a "victim" can always be found, even if the victim does not agree that he is a victim. For example, someone said earlier that the victim of a marijuana crime is the user himself. Ridiculous, but unfortunately arguable. There are, however, consensual crimes. This brings common sense and rational thought back into the argument, and prevents a biased 3rd-party from declaring victimhood on any of the actual parties involved. If the "victim" consents, then no crime exists. For example, if you knowingly consented to give someone $100 bucks, then you could not be a robbery victim, could you? A drug user cannot be both a victim and a criminal at the same time, he consented to his own actions. Insider trading does have non-consenting victims, the stockholder didn't know his transactions were being manipulated unfairly by someone in a position to acquire secret knowledge that he could not attain. Prostitution is a consensual crime, an otherwise legitimate business transaction between 2 consenting adults. See how it all fits into place...
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