The Economics of White-Collar Crime: An Economic Analysis of Insider Trading in Canada Introduction In the past decade‚ white-collar crime such as illegal insider trading‚ banking fraud‚ ponzi schemes‚ corporate embezzlement and political money laundering has reached an all-time high. In North America alone‚ respected and highly influential individuals such as Martha Stewart‚ Bernie Madoff‚ and Conrad Black have been prosecuted for their crimes and companies such as Fannie Mae and AIG were
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be tasked with the development of moral ethics on a global level‚ especially in regions where ethical thought is relatively shallow. If there was one way he would answer this question‚ he would state that a combination of "insider" and "outsider" ethicists would find the best and culturally sensitive form of morality for particular cultures. For this to have any meaning however‚ a description is required for both "insider" and "outsider". An "insider"‚ as termed by Crocker‚ is "one who is
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industry literature‚ is following the trades of company insiders. In the United States‚ company insiders are required to report to the SEC any time they engage in a purchase or sale of their firm’s stock‚ within two business days following the date of the trade. This information‚ once reported to the SEC‚ is subsequently made available to the public almost immediately‚ allowing outsiders to see exactly how insiders are trading. When insiders trade based on material non-public information and earn
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Wall Street The movie "Wall Street" is a representation of poor morals and dissapointing business ethics in the popular world of business. This movie shows the negative effects that bad business morals can have on society. The two main characters are Bud Fox played by Charlie Sheen and Gordon Gekko played by Michael Douglas. Bud Fox is a young stockbroker who comes from an honest working-class family but on the other hand‚ Gordon Gekko is a millionaire who Bud admires and wants to be associated
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Ethical Issues in The Insider The Insider is a 1999 movie based on real-life events that happened within an unaired 1994 episode of 60 minutes on CBS. Dr. Jeffrey Wigand‚ played by Russell Crowe‚ was the Vice President of Research and Development for the Brown and Williamson Tobacco Corporation and was not satisfied with the way that the third largest tobacco company was going. Wigand was then fired when he began to voice his personal opinion about how he did not agree with how the company was
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Attacks from the Insiders Kevin Greene CMGT/441 David Kell June 24‚ 2013 One of the most common concerns in putting together a comprehensive information security plan is to have a watchful eye on your own team members and fellow employees within the company. The people on the inside are the one’s who are granted the most access in the first place‚ therefore taking the appropriate precautions concerning them is of the utmost importance. The article
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When reading Samuel Heilman’s On Being An Insider‚ I was confusing about the article and I have to reread the article few more times. From what I understand of the article is that Heilman questioned himself and wonder if his understanding and explanations were accurate thinking of he has seen with his experience in the field with William F. Whyte. He was faced with the problem of sharing the information with his readers when people confided in him as they told him that it was between them. It was
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Journal of Business Ethics (2009) 91:65–82 DOI 10.1007/s10551-009-0068-2 Ó Springer 2009 Analyzing Insider Trading from the Perspectives of Utilitarian Ethics and Rights Theory Robert W. McGee ABSTRACT. The common view is that insider trading is always unethical and illegal. But such is not the case. Some forms of insider trading are legal. Furthermore‚ applying ethical principles to insider trading causes one to conclude that it is also sometimes ethical. This paper attempts to get past
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Journal of Finance and Accountancy Insider t nsider trading and market efficiency: Do insiders buy low and sell h high? Stephanie Roddenberry Longwood University Dr. Frank Bacon Longwood University ABSTRACT The purpose of this study was to test the semi-strong form efficient market hypothesis strong using insider sale and purchase announcements and their effect on the risk adjusted rate of return of the firms’ stock price. Past studies using varying methodologies‚ including the risk adjusted
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felt liked she fit in or in other words an insider. An insider is someone who fits in‚ get along with others‚ popular‚and everyone likes to be around. What does it means to be an insider? To be an insider it means that you have a lot of pressure on your back‚ because you have to do your school work‚ then do what’s expected of you‚and still have to also be cool at the same time. To be an insider you can’t let people get to you‚ because being an insider people will bring you down and try to hurt your
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