"But of course, there's a reason why it's not legal. Allowing insider trading would annihilate the concept of a level playing field in the market. Altucher says hogwash. That's just an illusion. 'There's already no level playing field,' he says. This problem of insider trading is 'so widespread' retail investors are already at a disadvantage."

http://finance.yahoo.com/tech-ticker/article/361119/Legalize-It-Insider-Trading-Is-a-Victimless-Crime-Says-James-Altucher?tickers=spy,dia,qqqq,%5Edji,%5Egspc&sec=topStories&pos=8&asset=&ccode=   

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