From my experience I learned that there only 2 ways we can <i>consistently</i> make profits in stock markets.<p><pre><code> 1. Front running
2. Insider trading</code></pre>
Can anyone point to examples of harm done by mostly-unregulated private trading of private companies?<p>As an aside I found it amusing that all that's required to turn the year in the SEC logo from 1934 into 1984 is adding an L in the middle.
Hopefully the SEC won't regulate secondmarket.com to death.<p>I'm curious what made them pursue this - if there are no complaints, this move is just to keep themselves relevant or to protect the Wall Street buddies.