“Everyone at the FDA would be billionaires. They could buy a week before a drug approval is announced.”
so they’d be easy billionaires. Good for them but they wouldn’t be taking any money from you.
Unless they bought one minute before you on info they acquire illegaly. Then you lose pennies and they make pennies. Billions of them.
For the insiders to buy anything, someone else has to sell it. The poor schmuck that didn't have that inside information sure as hell lost a bunch by selling at the lower price.
Ditto for the CEO that sells his just before he the stock will crash, because he knows in advance that it will.
I know they wouldn’t because I wouldn’t invest in such a market. What idiot would?