Insider trading is not a novel occurrence and has existed as far back as the $18$th century; In fact, the earliest identifiable speculative trader was an individual called William Duer.

Although insider trading matters have been about for centuries, no significant research was undertaken until $1960$s by Henry G Manne in $1965,$ who alluded that insider trading did no significant harm to long$-$term investors. Several discourses followed that either supported or disagreed with Manne$$s assertion. Some argued that the majority of insider trading is rarely detected by the relevant Regulatory Agencies, and as such the suspected illegality, might give a false impression to the potential investor that the trading on the equity market is a random game, that anyone can easily participate and be successful. Indeed, to the financially uninformed investor, one might easily come to that conclusion; they can simply observe certain trends$/$ actions and consequently outperform the typical investor on market.

Others further questioned whether or not insider trading actually harms anyone in the legal sense, because some may argue that insider trading does not cause any actual "loss," to any.

Indeed, there is the view that market abuse and insider dealing are not immoral and are victimless crimes. Others stated that insider trading had the ability to significantly undermine the integrity and efficiency of the relevant securities markets.

$1.$ Critically discuss the concept of $$insider trading$.$

$2.$ Identify and discuss two $(2)$ actual or alleged insider trading that have occurred in the Caribbean.

$3.$ Identify $5$ international insider trading cases, critically discussing the mentioned cases and the outcome.

$4.$ Do you think that insider trading should be regulated or not by the Government?

$5.$ Based on your research above, do you think that insider trading is occurring in your country? Critically discuss.