Insider Trading Is Ugly, Unfair And Un American

Despite our founding principle that “all men are created equal” (Jefferson), American life isn’t characterized by equality or fairness. Although we acknowledge that each member of humanity bears equal value, we fail to provide them with such equality in life. Racism and anti-immigrant sentiment are two factors that prevent America from being equal. Frederick Douglass identified this gap between value and reality for Americans when he found himself “not included within the pale of this glorious anniversary” (¶3) of the Fourth of July, “a day that reveals to [the American

When assessing the economic damage to due to Paul Thayer and those that he tipped off about the acquisition of Campbell Taggart, it should be noted that some argue that this kind of insider trading circulates information and forces the stock to its “true value.” If we assume this argument to be flawed, then part of Anheuser-Busch stock dip after the announcement was due to the insider trading and the fact Anheuser-Busch probably paid more to acquire its target. Thayer and his friends trade the Campbell stock for nearly a month before any public announcement of the merger. On July 27 nearly half the volume was insider volume controlled by those individuals who were in violation of rule 14(e)-3 (See exhibit 2). The increased volume might

America is a nation “from many, one” as stated in our country’s original motto. We pride ourselves on the granted equal opportunity and freedom afforded to each citizen. But are these premises held true and adequately carried out? My answer is a resounding no! Our country’s intricate history provides us with the foundation that explains why and how discrimination has infiltrated and given the upper hand to the white race that has dominated the American society, while suppressing races of color. Dating back to the discovery of the new world we know as the contemporary United States, the African American race has been segregated and mistreated as exemplified through

Overview of the Case: The Securities and Exchange Commission claims Mark D. Begelman misused proprietary information regarding the merger of Bluegreen Corporation with BFC Financial Corporation. Mr. Begelman allegedly learned of the acquisition through a network of professional connections known as the World Presidents’ Organization (Maglich). Members of this organization freely share non-public business information with other members in confidence; however, Mr. Begelman allegedly did not abide by the organization’s mandate of secrecy and leveraged private information into a lucrative security transaction. As stated in the summary of the case by the SEC, “Mark D. Begelman, a member of the World Presidents’ Organization (“WPO”), abused

In America, the land of the free, people believe that it’s the greatest place to be. And America would probably be what everyone believes, but it has a very serious problem that could eventually destroy the country as whole. America is built upon Life, Liberty, and the pursuit of happiness, but it has a strong equality issue that has to be taken care of. Equality is a social contract in America and unfortunately it is a broken one. A social contract is an agreement amongst the members of a society, but equality is a serious issue. Equality poses the biggest problem to America simply because in any country the people make the country, and if the people can’t get along either internal conflicts occur, or people eventually leave. Throughout America everyone regardless of race, color, or sexual orientation has experienced inequality in some part of America. Words are exchanged, fists are thrown, and in serious cases lives are lost because people are racists to one another. Equality is a broken social contract in America that will eventually be its demise if not attended to.

Even though the information about PIPEs was material inside information, Mark Cuban was not accused as traditional insider information. To qualify as traditional insider trading, there must involve true insiders buying or selling the company’s stock based on material inside information.

As stated in the declaration of independence, “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” It’s all said here… you, as a person, have the same freedom as the person next to you. As long as these words remain, everyone has the same capability of doing something if you just put your mind to it. For example, let’s say that I want to be a fireman, you think I will just be a fireman by just thinking about it, no. I have to go and do something about it. Let’s also say my friend wants to be a fireman, is it a competition? I sure do hope not! Him and I both put equal amount of work into it, do I get to be a fireman and he doesn’t, in some cases the answer is yes but for this example it shouldn’t be, we both become firemen because we BOTH put work into it.

In the past, many corporate executive have committed various forms scandals in their organizations. Such fraudulent arts are unethical and immoral behavior. This led the US government to form legislation in order to control fraudulent activities; mostly performed by senior officers in the organization. In view of this, this paper will address the following: historical summary on SOX enactment, the key ethical components of SOX, social responsibility implications regarding mandatory publication of corporate ethics, whether the criticisms of SOX implication presents an unfair burden on smaller organizations and suggestions on the improvement of SOX legislation.

Many white Americans are living with the fear that they didn't really deserve their success, and that maybe luck and privilege had more to do with it, than brains and hard work. There are numerous reasons for the widespread discrimination at all levels, but the main reason for the existence of discrimination is a privilege to certain groups of people, and widespread social prejudice towards certain groups of people. Differences between people have always existed, but they gain in importance only when are different importance given to certain differences, so it creates privileges. People who are privileged in one society are often not aware of their privilege. It is very easy to be oblivious to the privilege. The problem of discrimination

Understanding that the function behind America’s structure and systems isn’t meant for people to be treated equal is helpful. Yes, America holds many racist values/traditions, which is why many, increasing, “find it incongruous to ask black people to adopt and support most of those values. We also reject the assumption that the basic institutions of this society must be preserved. The goal of black people must not be to assimilate into middle-class America, for that class—as a whole—is without a viable conscience in regards humanity. The values of the middle class permit the perpetuation of the ravages of the black community. The values of that class are based on material aggrandizement, not the expansion of humanity” (Ture, 40). Ture contends that such a class system doesn't "lead to the creation of an open society" (40). As a solution, the existing structures are of no use, and the new structures have to “replace those forms or to make them responsive. There is nothing sacred or inevitable about old institutions; the focus must be on people, not forms" (Ture,

Insider trading – insider trading is the trading of a corporation’s stock or other securities by individuals with potential access to non-public information about the

Perhaps this mentality can be true to some extent, but it cannot be denied that we will be going against the significance and interpretation of the phrase, “All men are created equal.” Anyone regardless of race, who steps onto the soil of America has the right to pursue everything and anything they want and should not be excluded from any rights or opportunities. As Bianca Williams states, “It is my hope that you are here to build community and repair the fractures that those before us created, and that we sometimes perpetuate” (4). Williams drives us forward to break down or deconstruct the negative systems and thoughts we have built over the years. The way to go about is first, our nation needs to go back to the beginning of recognizing that

Insider dealing has been affecting the efficiency of stock markets in different places like United States, United Kingdom and Australia. Hong Kong is of no exception. Basically, insider dealing refers to the trading of a corporation’s stock or other securities by individual with potential access to non-public information of the company. The law of insider dealing in Hong Kong provides a much more detailed definition and is very comprehensive. However, when it comes to enforcement, it seems not very effective. In the following, the law of insider dealing in Hong Kong will be summarized. After analyzing the comprehensiveness of the law, the underlying reasons of the difficulty in enforcement will be identified. Some

S.1043A “prohibits anyone in possession of non-public, price sensitive information from dealing in, or engaging others to deal in, the shares of a company” (text). After Patricia gained non-public, price sensitive information about SEPL’s intentions to buy a large amount of shares in FPPL, she immediately told her sister and engaged her in buying shares in

For example, Manna (1966) states that insider trading should be allowed because insider trading is the most effective way to compensate to insider to generate new economic information in firm. Hirshleifer() states that for insider, good information is as good as bad information to make profit but this profit may not be related to economic contribution of insiders in corporate. Proponents of insider trading suggest (Carlton and Fischel (1983) that insiders are the most informative member in the market, and by trading, they bring new information to the markets and causing prices to change toward their true value and, therefore, promoting the optimal allocation of resources. On the other hand, Scholars (Benabou and Laroqu, 1992) say that insider trading may provide incentive to corporate insiders either to delay the announcement of price-sensitive information to public or to prevent to release price sensitive information, which in turn makes stock prices less informative. However, Georgakopoulos (1993) argues that restriction on insider trading may have little adverse impact on market efficiency but it reduces the cost of transaction that burdens on uninformed traders