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The Ethics Of Insider Trading In Major League Baseball

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Introduction:
Insider trading is when someone with privileged information about the internal, non-public information and materials about a public company trades in the stocks or securities of the company. This can be legal if the trade is reported to the regulatory body, Securities and Exchange Commission, SEC, but if not reported, it is illegal and can lead to prosecution and consequences as the trade can affect other investors (Rathburn, 2023).

What limits should there be on insider trading?
It's important to note that insider trading regulations vary across different jurisdictions. The specifics of what constitutes insider trading and the penalties associated with it may differ. However, the general principle of preventing unfair advantages and maintaining market integrity remains consistent. Here are a few reasons why there should be limits on insider trading:
1. Fairness: Insider trading undermines the fairness and integrity of the financial markets. It gives leverage …show more content…

It's important to note that the professional baseball Major League Baseball, MLB has taken a firm stance against gambling on baseball due to its potential to influence the integrity of the game. The league has implemented strict rules to prevent players, coaches, and officials from engaging in any form of betting on baseball.
Gambling on a game by someone that has controlling interests like a player or a coach is dicey because it is a type of insider trading. In the 70s baseball circles, Pete Rose was known to have had gambling problems and in 1989, it was revealed that he was not only betting on baseball and horse racing only but also on his own team while he was the manager of the team, Cincinnati Reds and as punishment, he received a lifetime ban from the game (History.com,

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