To Achieve Greater Market Efficiency, Legalize Insider Trading

Insider trading is the purchase or sale of securities—typically stocks or bonds—by someone with material non-public information (MNPI) about these companies. MNPI is corporate news or information that has not yet been made public and could impact security prices. Some critics of insider trading argue that it violates the principle of equal opportunity because actors are trading on information available only to them, while others claim it creates inefficiencies by discouraging investment. Read Full Article »