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rortian comments on Applying utility functions to humans considered harmful - Less Wrong
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Let me just endorse what Douglas Knight said.
You seem to have no clue what insider trading laws are. Company employees and executives can purchase stock. However it is illegal to act on information that is not public.
You can look for filings to see what executives are purchasing positions in their companies. Like you say, it is good sign if people who know the company well are buying in.
My point is that insider trading makes nonpublic information public.
Securities law does that.