There has long been "considerable academic debate" among business and legal scholars over whether or not insider trading should be illegal. Several arguments against outlawing insider trading have been identified: for example, although insider trading is illegal, most insider trading is never detected by law enforcement, and thus the illegality of insider trading might give the public the potentially misleading impression that "stock market trading is an unrigged game that anyone can play." Some legal analysis has questioned whether insider trading actually harms anyone in the legal sense, since some have questioned whether insider trading causes anyone to suffer an actual "loss" and whether anyone who suffers a loss is owed an actual legal duty by the insiders in question. Opponents of political insider trading point to conflict of interests and social distrust.
there has long been "considerable academic debate" among business and legal scholars over whether or not insider trading should be illegal several arguments against outlawing insider trading have been identified for example although insider trading is illegal most insider trading is never detected by law enforcement and thus the illegality of insider trading might give the public the potentially misleading impression that "stock market trading is an unrigged game that anyone can play" some legal analysis has questioned whether insider trading actually harms anyone in the legal sense since some have questioned whether insider trading causes anyone to suffer an actual "loss" and whether anyone who suffers a loss is owed an actual legal duty by the insiders in question opponents of political insider trading point to conflict of interests and social distrust