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Interactive Brokers Founder Lost $90,000 To Insider Trading But Now Wants It Legalized - Interactive Brok
Peterffy says faster disclosure would shrink the advantage for well-connected traders, citing his own $90,000 loss in a 1977 DuPont options trade.
2 Articles
2 Articles
Interactive Brokers Founder Lost $90,000 To Insider Trading But Now Wants It Legalized - Interactive Brok
Thomas Peterffy, the billionaire founder of Interactive Brokers (NASDAQ:IBKR) told Bloomberg’s Odd Lots podcast that insider trading laws should be abolished across all markets. The timing is notable. The White House just warned its own staff that prediction market insider trading is a criminal offense, and the CFTC has declared it a top enforcement priority. Peterffy is arguing in the opposite direction. He Learned The Hard Way In 1977, Peterff…
Interactive Brokers Founder Says Legalizing Insider Trading Would Make Markets More Fair
The post Interactive Brokers Founder Says Legalizing Insider Trading Would Make Markets More Fair appeared first on 24/7 Wall St.. Quick Read Thomas Peterffy, founder of Interactive Brokers (IBKR), argues that legalizing insider trading would accelerate information dissemination and actually reduce exploitation windows for sophisticated traders rather than extend them. Peterffy’s credibility rests on Interactive Brokers’ operational performan…
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