Q1. Insider Trading can be defined as any price-sensitive and confidential knowledge and information that can give an unfair advantage to a an individual or an entity when selling and buying shares belonging to a publicly traded company.
Machan (2003) states that “There seems to be no end to how fiercely commercial success is demeaned among many of those who preach and reflect upon morality.”In his opinion, a clear cut definition of the term ‘fair’ should be decided upon. Insider training is immoral, because it essentially does provide one with prosperity by playing on others fortune. However, it