June 4, 2009

Insider stock trading - tries to stop any organized price manipulation, on the grounds that it is an attempt to deceive the public.

Here is part of an item from The New York Times of October 25, 1956, written by Burton Crane, whose reports on Wall Street often reveal an unusual and welcome sense of humor. Each new stock fraud brings new demands that the public be given more protection. Why isn't it possible, the public wants to know, to wipe out stock frauds entirely? It is possible. One easy method would be to abolish all stocks. A second, presenting some technical difficulties, would be to abolish money.

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