
Anyone with a background in finance knows about insider trading and the fact that it's illegal. Most Americans have at least heard the phrase and know it's not legal but may not fully understand what it is. Wikipedia defines insider trading as: The illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information. Therefore, in theory, no one who is exposed to insider information of publicly traded stock is to act on that information until it is made public to all to take advantage of. This is theory, because it's so difficult to clearly define the lines of where this starts and stops and how to enforce whether an individual is trading on public/private information. It comes down to ethics/morals and the type of person each of us are.