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The securities industry boasts a stressful working environment that puts an emphasis on profit alone sometimes causing its workers to resort to unethical methods of trade The result is mistrust between the common investor and the brokerage houses they use to process their trades This cheating in order to gain an advantage over the market is best focused on with the insider trading scandals of the past and their repercussions on how business ethics should be practiced in the workplace today The 1980s were a revolutionary period for stock trading New computer systems transformed the industry making the exchange faster to transact and easier to monitor This gave way to the exposure of insider trading and traders had to decide for themselves whether they would succumb to the fast money or stick with standard methods This division was based upon the individual business ethics which in time would become more defined with the downfall of notorious criminals like investment banker Dennis Levine Frantz 44 Oliver Stones movie Wall Street analyzes this conflict between right and wrong and gives the average person a more in depth view of how a trader can use inside information to boast more profit The Securities and Exchange Commission SEC defines insiders as any shareholder who holds in excess of five percent of a companies voting stock or any officer or director of a corporation or employee who has access to important corporate information McGee 219 This information can consist of future mergers takeovers pending lawsuits etc usually vital to the companys future stock value On the basis of this information the insider puts in an order to buy or sell a block of stock This alerts other traders to follow and once the information is made public the change is apparent This kind of activity is perfectly legal and can actually benefit the market as a whole McAdams 357 However when an individual misappropriates information and uses
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