Insider trading might sound like a great idea when you first listen about it and incredibly tempting if you ever get the chance to have access to it. However, there are are many more reasons to stay away from it. Trust me you will end up losing more if you decide to go for it.
1. Receiving and acting on confidential information that isn’t available to the public yet is immoral. It is unfair to other traders and affects the market, you might help make people lose a lot of money.
I know we are i this for the financial gains, but it is also vital to keep your moral compass pointing to the right side.
2. If morals don’t sound like a strong enough reason, how about the fact that you might face a few years in jail and a huge fine if you get caught at it, and chances are that you will.
3. Then there are even more expenses, aside from the huge fine that you might get, you will also face huge attorney fees. A specialized criminal defense attorney Tulsa can get extremely expensive.
If you add everything up, you will learn that you might end up in jail and broke.
4. Your reputation and public record will be forever tainted. This makes a lot of natural, day to day things that you do a lot more complicated.
So, let’s just stay away from that. We can achieve success by studying, being careful and always keeping your eyes open.