Diminish people faith in the faimess

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Inside Traders or Astute Observers:

Please answer the following question:

  1. Where they "insiders"? If so, explain why. If not, does that imply that they cannot be guilty of insider trading or that what they did was morally permissible?
  2. Should the law prohibit employees acting as Griffiths and Steffes did? Explain why or why not. If actions like theirs are tolerated, will it diminish people's faith in the faimess of the stock market? Would permitting it set a bed precedent in other cases?

Reference no: EM131744260

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