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Quotation from United States v. O'Hagan by Supreme Court of the United States
“Although informational disparity is inevitable in the securities markets, investors likely would hesitate to venture their capital in a market where trading based on misappropriated nonpublic information is unchecked by law.”
United States v. O'Hagan, Opinion of the Court (Justice Ginsburg), Part II-B (U.S. Reports text (Legal Information Institute))
Justice Ginsburg describes the effect unchecked misappropriation would have on investor participation.
Citation: "Although informational disparity is inevitable in the securities markets, investors likely would hesitate to venture their capital in a market where trading based on misappropriated nonpublic information is unchecked by law." — Supreme Court of the United States, United States v. O'Hagan, Opinion of the Court (Justice Ginsburg), Part II-B (U.S. Reports text (Legal Information Institute)). (id united-states-v-ohagan-q4)
Portrait: Ruth Bader Ginsburg official SCOTUS portrait (cropped), Steve Petteway, Collection of the Supreme Court of the United States, Public domain.
