By this logic, would it not be immoral to engage in any trades when there exist information asymmetry? There will always be "victims" who do not make a profit because they made a bad investment.
A person losing money due to insider trading has almost certainly invested in a company that was not worth what they thought it was. If they’re a victim, then whose victim are they really? I have a hard time blaming the insider trader.
A person losing money due to insider trading has almost certainly invested in a company that was not worth what they thought it was. If they’re a victim, then whose victim are they really? I have a hard time blaming the insider trader.