mentioned above, Bhagat was found guilty of insider trading when he profited by purchasing corporate shares based off favorable information received before that information is given to the public. It is considered an unfair advantage. Bhagat was guilty of tipping when he was believed to have given that same information to a friend so that he too could profit by buying shares before the general public had the same advantage. Insider trading can include both legal and illegal actions. Obviously, in the case mentioned above, it was illegal conduct that wound Bhagat in court. According to the US Security and Exchange Commission, "The legal version is when corporate insiders-officers, directors, and employees-buy and sell stock in their own companies. When corporate insiders trade in their own securities, they must report their trades to the SEC." ["Fast Answers: Insider Trading."SEC.gov. Web. 30 Apr. 2016.] They go on to say, "Illegal insider trading refers