> This is wrong. It's not insider trading. Lutnick didn't have inside information. His son just had a brain. Anyone who read the case knew which way the court was going, it was the least surprising decision ever. Perhaps the only surprising thing is that the court ever heard it.
If this was so obvious, wouldn't there have been more competitors pushing down the value of it?
Think about how to actually pull this trade off. It isn't pushing a button on your trading app. Competitors cant enter this competition easily.
I thought his son just had a brain?
And a small army of folks to do his bidding. Cantor has over 10k people, he's the chairman.