Trading Securities
First Scenario
Activities that are carried out while trading in securities may have different impacts on the environment. In the first scenario presented, there are different individuals involved in a number of activities. The response by Julie displays people dealing in unethical tendencies, in the securities department. In Albert’s case, breaking into law offices to gather information to benefit people was both unethical and illegal. It is illegal to use information gained unlawfully to benefit companies when trading in securities. It was illegal for both parties to engage in such activities for their benefits. This response was true. In the second response, Nicole insinuates that the activities carried out were unethical, but not illegal. In my opinion, this is true. One can choose to tell another person about some of the deals going on, but how this information is used or misused is out of their control. About Albert’s case, she thinks it was both unethical and illegal. I find this, according to my opinion, true.
Second Scenario
In the case provided, it is evident that the players involved were reaping the benefits of having people in the securities and trading offices. Albert and Mary being directly involved with the different people and companies are key players in the industry. The information they are acquiring is, however, illegal and may bring problems for the people. Having information about companies and firms stolen to know of the movement of the firm is detrimental to crime. This, according to my opinion, is one way in which securities fraud happens in most of the main corporations around the world. Trading in companies based on information provided illegally to benefit people before others is fraud. These activities are prohibited, and the penalty is serving time, in some instances.
Reference
Simmons, M. (2003). Securities operations: A guide to trade and position management. New York: Free Press.
