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Relatedly, insider trading (trading on the stock exchange to one’s own advantage through having access to...

Relatedly, insider trading (trading on the stock exchange to one’s own advantage through having access to confidential information) is also a crime. Explain why insider trading is a crime. Who is the victim? Is there a private victim as well as public victims?

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Insider trading is a crime because access to confidential data can help you to understand how the market moves as a result of which you can actually gain a lot from it and this can result in more investment in one side at times and withdrawal of money which is not desired by the market levels and the economy as a result of which the whole economic and collapse if it is done on a large scale and that is why it is considered as a crime. the victims are actually the companies whose investment levels and expected values can change due to insider trading where the private victims are the organisations and their roles of public victims which is the economy and the people because the resultant gains and losses can be different if insider trading is not done

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