PHIL 322 Lecture Notes - Lecture 54: Utilitarianism, Insider Trading
30 Aug 2018
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Document Summary
Most people believe insider trading constitutes unethical conduct. All professions use insider information to benefit both parties. From the perspective of utilitarian ethics, any transaction is ethical provided the gains exceed the losses. Insider trading has to do with information regarding stocks. Two different views of viewing insider trading 1. accounting for consequences and 2 not accounting for consequences. Regulation was enacted in 1934 to prohibit the manipulation of stock information. Insider trading does not seem to fit the definition of fraud, so there does not seem to be anything fraudulent about it. Appeals to aquanis on the meaning of fraudulent.
