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.
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