Insider trading is
A)illegal.
B)impossible to have in our efficient market.
C)legal.
D)discouraged,but legal.
E)defined as the trading of stock by a corporate director based on publicly available information.

Question

Quizplus · Accepted Answer

Insider trading is illegal as it involves using non-public information to make trades, which can be unfair to other investors in the market. It is prohibited by securities laws in most countries, including the United States, Europe, and Japan. While there may be gray areas or debates around specific cases, the general principle is that insiders have a duty to avoid trading on material non-public information or disclosing it to others who may trade on it.

Insider Trading Is