Their discoveries are passed on to the skilled enforcement staff at the Ontario Securities Commission, who pin down the perpetrators. OSC litigators then drum them out of the industry, or get them sent them to jail. That's the theory, but in practice the record of successfully prosecuting insider trading offences is significantly different. Finance Minister Paul Martin is concerned about the reports of stock trading irregularities on the exchanges, saying the problem undermines the country's capital markets. If you believe the former, insider trading should not bother you.
Stocks are just bits of paper whose rise and fall have little to do with their underlying worth.
The game is rigged in favour of those with inside information just like the odds favour the casino over the roulette player. If you believe the latter, insider trading should bother you. Some people have abused the trust of their special relationships and, for whatever reason, the regulatory system has failed to deal with the situation. This has undermined the integrity of the capital markets and placed regulators on the firing line. By the mid-1990s, the message from the OSC was that investors should lower their expectations.