Define Insider Trader. Who benefits and losses from this activity? Briefly discuss the penalties for insider trading. Identify and discuss a recent article on this topic. What were the circumstances?...

Insider trading is the buying or selling the shares of a publicly traded company by a person who is having non- public and material information about the stock of the company and uses such material information for his personal benefit. The person who does such activities is known inside trader. Materially public information can substantially impact an investor’s decision and the person who does the insider trading will be the most benefitted person and the other shareholders will lose their money because they do trading based on market movement and insider trader take misuse such opportunities and take undue advantages.
The insider...