caa a22 4500 465817440 CHVBK 20180323112127.0 cr unu---uuuuu 170327e19900301xx s 000 0 eng 10.1007/BF00382642 doi (NATIONALLICENCE)springer-10.1007/BF00382642 Moore Jennifer Department of Philosophy, College of Arts and Sciences, University of Delaware, 19716, Newark, DE, USA aut What is really unethical about insider trading? [Elektronische Daten] [Jennifer Moore] Insider trading is illegal, and is widely believed to be unethical. It has received widespread attention in the media and has become, for some, the very symbol of ethical decay in business. For a practice that has come to epitomize unethical business behavior, however, insider trading has received surprisingly little ethical analysis. This article critically examines the principal ethical arguments against insider trading: the claim that the practice is unfair, the claim that it involves a "misappropriation” of information and the claim that it harms ordinary investors and the market as a whole. The author concludes that each of these arguments has some serious deficiencies; no one of them by itself provides a sufficient reason for outlawing insider trading. This does not mean, however, that there are no reasons for prohibiting the practice. The author argues that the real reason for outlawing insider trading is that it undermines the fiduciary relationship that lies at the heart of American business. Kluwer Academic Publishers, 1990 Journal of Business Ethics Kluwer Academic Publishers 9/3(1990-03-01), 171-182 0167-4544 9:3<171 1990 9 10551 https://doi.org/10.1007/BF00382642 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00382642 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Moore Jennifer Department of Philosophy, College of Arts and Sciences, University of Delaware, 19716, Newark, DE, USA aut NATIONALLICENCE 773 0- Journal of Business Ethics Kluwer Academic Publishers 9/3(1990-03-01), 171-182 0167-4544 9:3<171 1990 9 10551 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer