Nothing to do with “information is a right”
Especially when those people can say things that influence the direction of stocks.
Yep. Insider trading is fraud because others have been told something that currently is known not to be true by others who then act on the truthful information to their advantage and usually to the disadvantaged of those that have been lied to.
I may be wrong about this, but I believe insider trading laws only apply if the “inside information” comes directly from the company whose securities are being traded. Having access to non-public information that affects an entire industry is different than having information that specifically relates to the inner workings of a publicly traded company.