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What limits should there be on insider trading? In the USA, Pete Rose was a popular baseball player, and then manager, who was punished for

What limits should there be on insider trading? In the USA, Pete Rose was a popular baseball player, and then manager, who was punished for betting on his own team to win. Should Pete Rose be allowed to profit from betting on the success of a team he managed? Should Pete Rose be punished more harshly if he profited from betting on the failure of a team he managed?

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