Causes & effects of illegal use of stock information in 1970-1980s. Background, technology, junk bonds, aftermath.
Insider trading is the basing of stock trades in a public company on information that is not known by the public. Whether an individual makes trades in this manner or just tips off another trader to the information it is considered insider trading. Insider trading is illegal because it destroys the level playing field that allows all investors to make decisions based on the same information. However under some conditions insider trading is legal as when a company’s corporate insiders buy …
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