Here is an actual example of insider trading (not)

ExtremelyRichGuy01 tells his brothers and sisters, nieces and nephews to buy XYZ stock.
Jim Cramer (employee of Guy01) goes and talks about how XYZ stock is the cats meow, and everyone should get into it.
Those family relations sell XYZ stock.

However, as we have seen from the lawyer speak term, this is not insider trading.
And can't even be prosecuted because it is at least once removed.
But this IS fraud or the highest order.

Everything i have heard from the SEC is similar to listening to some shut the barn door after all the animals escaped. (sometimes shutting the barn door while the barn is on fire)

They haven't protected anyone.... except the people committing the fraud.
GATA anyone?

Sooooo, my supposition is that the SEC is trying to prevent competition to "their employers" (the ones who pay them fines - profit sharing)

... and soon, the SEC will lose their case against RIPPLE at the exact time all the "investors" are in at low prices, and it is time to run.