The Morality and Legality of Insider Trading
Undeniably, the rate of unethical behaviors in international corporate organizations seems to have risen to an uncontrollable rate. For instance, insider trading that does not involve the abuse of dominant positions or manipulation of financial marks is often termed illegal but hardly immoral. Among the major proponents of insider trading are that it promotes the spirit of enterprise and economic efficiency but at the same time, it leads to unequally access to information and breach of fiduciary duty (Juan, 2011). It is highly believed that insiders are capable of undertaking strategic trading activities to prevent them from revealing their ...