Its like an intruder in your house. u will get arrested for shooting him. there were irregularities by others and he was trying to offset them by using his account. I just don't like it when people say "he was fired for INSIDE TRADING.
the way I read it alan was trying to stop the corporations maniplulating the market for their advantage and the man in the streets disadvantage(potentially you and I).The way he did it was to use his account but for no personal gain.He was sacked for this as 'he took the law into his own hands'.I am a little concerned that the sacking appears motivated by corporations who are now free to manipulate to their adavantage as loophole has not been plugged.this does not show the free market on the jse up in a good light.it will be forgotten about and this guy has been bulleted-hope he comes right and finds a new pos as he comes out of this with his head held high in my opinion
My thoughts/questions on the Allan Thompson issue: 1. How could he be trading on his own account, but not have personal gain? (was he that bad at trading?) My uneducated understanding of the market is that, the market is a zero sums game? So if these "corporates" where making money and Allan stopped them from doing so who made the money, or was Allan putting money into the market to help the rest of us? 2. If Allan is the "Hero" here and inncoent, why does he not name and shame those Evil corporates and explain the loopholes so that the entire market can understand it? Could there be some sort of non-disclosure agreement between Allan and the JSE where he got to keep the money? It's interesting that South African are opposing the "Secrecy Act" but the JSE (Supposedly good Corporate Citizen) does not follow the rules on transparency and the Prevention of Organised Crime Act ... Makes one thing?