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Collaborative Team Communication

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Insider Trading in Business Ethics Insider trading in any kind of business can be considered an ethical conflict. Although, it may be unethical of the actual trader’s part, it may be just as unethical on the behalf of the person who plays the role of the messenger. The messenger may be prohibiting the action that is to be taken place by giving information out. There is a recent and familiar story of insider trading that took place, which is the Martha Stewart case. According to Robert W. McGee, Martha Stewart was investigated for insider trading for selling some stock shares after she was leaked information about the decline in price. She would have taken a loss if she was not informed about the decline. She was given information that was not made public yet and this is where it becomes insider trading and the question of unethical comes into play. Although she was not prosecuted for the inside trading, she was prosecuted for altering records and lying about it (2008, p. 213-214). This situation shows how it is an ethical conflict because she had the opportunity to choose whether she used the information she was given. She chose to use it for her personal gain and by doing this broke the law and probably cheated others out of their money. The consequence for this ethical conflict is that, number one, it is illegal so therefore if you get caught you will be in trouble and probably do some jail time, and number two having to live with the guilt of doing the wrong thing. This guilt could then lead to problems in the future or one could continue to do these types of things and get into bigger trouble. This ethical conflict can be resolved by simply following the law set for us. There is also an Insider Trade and Securities Fraud Enforcement Act of 1988, that helps to prohibit insider trading (McGee, 2008, p.214).
Source
McGee, R. W. (2008). Applying Ethics to…...

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