caa a22 4500 465817319 CHVBK 20180323112126.0 cr unu---uuuuu 170327e19901201xx s 000 0 eng 10.1007/BF00382831 doi (NATIONALLICENCE)springer-10.1007/BF00382831 Shaw Bill Business Law The University of Texas at Austin, USA aut Shareholder authorized inside trading: A legal and moral analysis [Elektronische Daten] [Bill Shaw] This article evaluates inside trading from a legal and a moral perspective. From both of these points of view, the practice of inside trading is fraudulent whether it occurs in the traditional format or in the variation known as "misappropriation.” Fraud is a legal tort and a moral wrong consisting of a breach of duty that intentionally causes harm to persons that the insider can reasonably foresee. In defense against allegations of fraudulent inside trading, the defendant may argue that one or more elements of fraud are not evident, or, if the elements are clear, that the fraud was a justified means of avoiding some worse evil or of achieving some greater good. The article concludes that inside trading, under circumstances approved by shareholders, is neither fraudulent nor unfair. Kluwer Academic Publishers, 1990 Journal of Business Ethics Kluwer Academic Publishers 9/12(1990-12-01), 913-928 0167-4544 9:12<913 1990 9 10551 https://doi.org/10.1007/BF00382831 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00382831 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Shaw Bill Business Law The University of Texas at Austin, USA aut NATIONALLICENCE 773 0- Journal of Business Ethics Kluwer Academic Publishers 9/12(1990-12-01), 913-928 0167-4544 9:12<913 1990 9 10551 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer