Oh puhleaze
Cali is what the hipsters (chavs?) that live elsewhere call California. (I don't live there now, but I've spent about half my life there.)
And risking jail time for insider trading for a measly $68K is just stupid. The dude's brother and mother are probably going to get seriously slapped too as a result of his stupidity. What a wanker.
As for capitalism and using what you know to do what seems normal? Well, we could just go back to the good ol' days and let people tell lies and cheat to manipulate the market in their favor. That's capitalism too. I grew up being told life isn't fair, so I won't argue that the stock markets should be "fair"; I would, however, like them to be reasonable secure from manipulation.