1. Ethical Analysis of Insoder Trading
The issue is whether Stewart was acting on privileged information when Bacanovic (her broker) called her on Dec. 27 to allegedly tell her that her friend Sam Waksal, than CEO of ImClone Systems, was selling millions of dollars worth of his own shares in the firm, according to prosecutors Stewart sold about 4,000 shares the day before the regulators announcement" (Chartier). ... Finally, the hypocrisy surrounding Stewart presently is somewhat of an alarming issue. ... This issue is the basis for the revised SEC rules and regulations surrounding insider trading and other accounting fraud practi...
- Word Count: 2211
- Approx Pages: 9
- Has Bibliography
- Grade Level: Graduate