Insider trading laws are on the books primarily to cushion the fragile egos of ankle biting numb-nut fags without the charisma, money, or tits to brow nose some fresh faced MBA with a job from his dad and lips looser than Janet Yellen's "wherever." I have to pass up a great opportunity. If I know the quarters earnings report a few days before it gets dumped like the shit it is, why shouldn't I be able to buy a fuckton of puts on it.

I call on congress, the SEC, and President Donald J. Trump to repeal the following:



I. Securities Exchange Act of 1934

Section 10b - Manipulative and Deceptive Devices

Section 14e - Proxies

Section 16b - Directors, Officers, and Principal Stockholders

Section 20A - Liability to Contemporaneous Traders for Insider Trading

Section 21A - Civil Penalties for Insider Trading

Section 32 - Penalties

II. Corresponding Federal Regulations adopted by the SEC

1. General Rules and Regulations promulgated under the Securities Exchange Act of 1934

Rule 10b5 - Employment of Manipulative and Deceptive Devices

Rule 10b5-1 - Trading "on the Basis of" Material Nonpublic Information in Insider Trading Cases

Rule 10b5-2 - Duties of Trust or Confidence in Misappropriation Insider Trading Cases

Rule 14e-3 - Transactions in Securities on the Basis of Material, Nonpublic Information in the Context of Tender Offers

2. Regulation FD

Rule 100 - General Rule Regarding Selective Disclosure

Rule 101 - Definitions

Rule 102 - No Effect on Antifraud Liability

Rule 103 - No Effect on Exchange Act Reporting Status