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The Law And Morality Of Insider Trading

The Law and Morality of Insider Trading

By Alexander R. Cohen

 

Atlas Summit 2012 - The federal government has been pursuing insider trading aggressively as a form of “securities fraud,” but is there really any justification for condemning—legally or morally—the practice of trading on the best information one can get about a company? After briefly summarizing the law of insider trading, this talk will examine a variety of arguments against the practice and conclude that it ought to be legal, and that although at least some instances of insider trading are subject to moral criticism with respect to honesty, there is another respect in which insider trading can be morally praiseworthy.
 

Filming of the Atlas Summit was provided by Synthesis Multimedia, Inc. 

Alexander R. Cohen, who describes himself as a “philosopher-journalist,” is managing editor of the Business Rights Center and associate scholar. He has lectured at The Atlas Society’s Summer Seminar every year since 2006 and attended the society’s Graduate Seminar every year since 2005. Alexander is a past recipient of the Atlas Society Graduate Scholarship. Alexander studied journalism at American University. He then received his law degree from the University of Pennsylvania, where he was a member of the Law Review, and gained his master’s in philosophy from the City University of New York. From 2004-2005 Alexander served as an adjunct assistant professor at the John Jay College of Criminal Justice.