The Ethics of Insider Trading debate
Need main claim and supporters here! :) Thanks
Insider trading is both morally and economically indefensible. ote: Arguments 1-3 are in support of the claim that insider trading is unethical. Argument 4 is in support of the claim that it cannot be defended on economic grounds.
- Given that insider trading is presently illegal, it confers an unfair advantage to those prepared to break the law.
- Even if legalized, insider trading would be immoral, since it violates fairness, inasmuch as the same information is not available to everyone.
- Even if legalized, insider trading would be unacceptable since it frequently leads to a company's right to keep certain information private, insofar as it tends to result in information being leaked to those who have no right to that information.
- Insider trading cannot be defended on economic grounds, since it undermines competition between equally matched parties. Insofar as it undermines competition, it undermines the possibility of an efficient market.
- Insider trading would not be morally objectionable if it were legalized.
- Insider trading is justified on the basis that it leads to a more accurate valuing of a stock and hence to a more efficient market.
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