"Stewart has not been charged with any crime, and has repeatedly denied any wrongdoing. ... Applying ethical theories to the practice of insider trading is rather difficult because all such cases seem to some extent fairly exclusive and only partially overlap with one another; so solely basing a judgment on past indictments is problematic. ... Persons employing the utility theory that commend the practice of insider trading base their stance on the act being socially beneficial for the following reasons: (1) no harm is done to persons without the nonpublic information because those without t...

• Word Count: 2211
• Approx Pages: 9
• Has Bibliography
• Grade Level: Graduate