Insider Trading What is insider trading? According to our text, insider trading is the sharing of inside information by directors or officers to buy or sell securities at a profit. This inside information can be material, nonpublic, or factual data that only they have access. While people who work at a company can buy and sell their own stock, unless they report it to the SEC and do not violate any fiduciary duties owed the actions they take are considered illegal (Sukys, 2019). There has been a lot of controversy on whether or not insider trading should be considered illegal or not. Most people are on the side of legalizing it. Personally, I do not believe it is a strictly black and white topic - with each situation comes different specific details that can change or effect the outcome of the action. In the defense of legalizing insider trading, one of the biggest proponents is because there is no victim in the crime. While it may be an uneven playing field, ther...