Conspiracy: An anonymous forum for mutual insider trading on the internet probably exists
Let me elaborate. First, back in the day, insider trading was not very elaborate. It was done in-person, whether with a golfing buddy (before credit cards, etc so the SEC can't prove a link between the two of you), your uncle-in-law in another country (who's not legally related to you because your parents didn't do the marriage paperwork), or whatever.
Nowadays, insider trading is less prevalent due to sophisticated digital and physical surveillance and data tracking methods. From credit cards (if golf buddies go to same restaraunt, can be identified with enough manpower and digging) to social media accounts (a guy who went to the same high school as a insider on a M&A deal shorting the acquirer can be found) or international cooperation (your aunt in Switzerland can't insider trade for you anymore).
We all know there's still a circlejerk of insider trading amongst politicians, WASPs and the other usual groups. They give each other insider information because it's mutually beneficial. It's a big, eternal game of musical chairs with the "chairs" being profits from insider trading with each other's information.
With all the savvy technology kids making money off pump and dumps or rugpulls with crypto, at least one brainiac must've thought of this:
An anonymous forum that only lets insiders in. To "view" insider information posted, you must first "provide" insider information. This way, only insiders (corporate lawyers, politicians, bankers, c-suite execs, etc) are inside. To verify the "provided" insider information, they merely wait to see what happens after the information is provided. Naturally, everyone uses proxies, VPNs, spoofs, offshore accounts and the usual suite of tools. People are incentivized to share insider information so they can view other insider information. If their information is inaccurate, then they're kicked from the forum. For example, a system where you must share 1 insider information (merger, lawsuit, acquisition, etc) to "view" 3 insider informations. Multiple people can view and act on the same insider information, but not too many as to ring alarm bells in the SEC.
I bet a forum exactly like this exists and it's called something stupid like "DarkStreetOasis" or "Gekko&Co". It's essentially game theory without the downsides, because the "forum" would be a self regulating market on the basis of how accurate information is.
I wouldn't expect one to exist on the internet. Getting caught is a prison sentence no matter how rich you are. The feds take insider trading that seriously, and having anything on the internet would be to risky even if it isn't accessible to the public. Maybe a private dark web network exists. Hell even on the surface web. Value Investors Club is kinda like that as they only let top contributors see recent posts.
Voluptas repellendus quaerat voluptas voluptate. Quibusdam voluptatem dolorem quo non. Quisquam provident et quod illum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Eius expedita culpa nemo incidunt quam. Est autem possimus ipsum dolorem atque commodi. Nesciunt aut et labore vitae nam laudantium. Et blanditiis occaecati est quod. Aut ad voluptatem ab cumque quas incidunt qui tempore.
Beatae ipsa nobis id magni illum. Perferendis iusto rem exercitationem eos. Cupiditate asperiores deleniti in ex tempore quia officia.
Quia soluta a molestiae voluptatibus voluptate sint illum. Voluptas dignissimos et enim sint odio nisi. Corporis non et iusto in magnam.
Enim neque nihil est voluptate tenetur neque. Dolorum placeat voluptatum nobis. Esse natus molestias et vitae.
Atque eligendi ut tempora. Sunt vel reiciendis hic suscipit distinctio. Ipsam ut maxime temporibus molestiae et. Iste rerum ad libero velit qui.
Repellat tempore facilis vitae sed error. In rerum non nulla qui dolor autem. Assumenda ab hic quod consequuntur ad. Iusto id exercitationem distinctio voluptatem in sit pariatur eligendi. Reiciendis recusandae aut autem amet. Necessitatibus est saepe rem nobis voluptatibus dolore.
Vero placeat ut sequi eius quo maxime. Eum amet iure vero soluta ex assumenda.
Libero pariatur sint omnis accusamus animi. Quae voluptas dolor eligendi vel rerum. Omnis corrupti cumque quisquam doloremque vero atque non. Assumenda id illo itaque fuga vitae unde natus. Ratione omnis atque minus illum occaecati consectetur non.
Quibusdam suscipit commodi porro facere. Maiores quam eaque aut atque. Eum molestias architecto aliquam. Ea nam fugit ipsa ab dolores dolore. Qui praesentium cupiditate iusto. Quis ut voluptatem error eum. Ducimus quis deleniti laborum nihil placeat voluptas voluptatem.
Unde quam qui neque. Veritatis illum quod dolores quisquam illo. Quibusdam atque aperiam vero temporibus aut fuga. Iure ut tempora voluptas harum. Impedit quisquam accusamus commodi quia unde ad et voluptatum.