ABSTRACT
But some commentators would disagree with the view that keeping inside information private is morally acceptable. Some authors have concluded that insider trading is always or almost always unethical (Ferber 1970; Werhane 1989, 1991) while other authors have reached the opposite conclusion (Machan 1996; Manne 1966a, 1966b, 1970). Some authors would decide on the ethics of insider trading based on whether the result is the greatest good for the greatest number (Bentham 1997; Mill 1993).
