True, it's easier to prosecute insider trading as a breach of fiduciary duty to the company. But why were insider trading laws passed, and why is insider tradin

True, it's easier to prosecute insider trading as a breach of fiduciary duty to the company. But why were insider trading laws passed, and why is insider trading prosecuted? The SEC answers that "moral imperatives have driven the development of insider trading law in the United States."[1] The prosecutor against Salman, Preet Bharara, stated that "today's decision is a victory for fair markets and those who believe that the system should not be rigged."[2] [1] https://www.sec.gov/news/speech/speecharchive/1998/spch221.htm https://www.sec.gov/news/speech/speecharchive/1998/spch221.h... [2] https://www.nytimes.com/2016/12/06/business/dealbook/supreme-court-insider-trading.html https://www.nytimes.com/2016/12/06/business/dealbook/supreme...