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because if you have to report it ahead of time, it neutralizes any advantage you might have from the insider information.

You mean a day or two in advance? Or post trade? Post trade is not good, but pre trade should still be able to quell the insider advantage.

With today’s technology, I do not see why trades cannot be reported immediately.

"We will put together a panel to put together a committee to review these technologies. Upon sufficiently reviewing said technologies we will institute new rules. Current target is by 2050"