My head is spinning from reading this

AEI-Brookings paper, from this scholarly collection. There's a lot of foreign language excerpts (hold on, an educated voice just told me its called math).

But one of the takeaways is interesting: the information market works better if insiders provide liquidity.

... we show that the decision maker’s intervention in the securities market enhances social welfare. In general, without decision stakeholders, noise traders, or hedging demands, there will be little trade in a securities market. In this case, informed traders will have no incentive to acquire costly information or reveal it in prices.

I wonder if that will actually increase interest from the little fish. Like me.

UPDATE: More on stakeholders, including the legal questions, from Jason Ruspini.