W.F.: I don’t know anyone who is successful who did not do some form of insider trading. It is looked at as a victimless crime. I have information you don’t have. It’s like a VIP pass at a club, but it is illegal.
It appears as a victimless crime because there doesn’t appear to be anyone hurt by it. It’s not like stealing money from a bank. It is the most common crime that I know.
The laws are not deterring anybody from doing it. It is simple, like someone cheating on taxes. The question is: Are you getting caught for it?