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frauds_in_stock_market.docx
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Insert surname 1
Student’s name
Professor’s name
Course
Date
Frauds in stock market
Wells Fargo which fraudulently opening a two million retail account affected the
reputation of the company to the point where the CEO John Stump had to resign. Just like the
Wells Fargo case, another top management official called Martha Stewart and is Broker Peter
Bacanovic faced with fraud charges by conducting illegal insider trading; this was after selling
stock in a biopharmaceutical company called ImClone Systems. Another fraud case involves the
article “mathematician for Martha” includes insider trading which may control decision making
in the when trading. Insider trading can create an unfair trading ground due to the restrained
demand and supply of the stocks. Just like in the other cases, insider trading can make the
employees or another party which has information about the company to make the right decision
at the expense of the other traders. It also creates a detrimental which lead to weak capital
markets (Angel, and McCabe, 2017).
Insert surname 2
Trading parties in the market should ensure there are openness and honesty to create a
competitive trading environment. All the cases involve improper transactions which affect the
performance of the company. Corporates should not be held liable for such actions. The fraudster
should solemnly be held accountable for such actions. In all the articles, legal measures ought to
be taken to the involved parties. A commission needs to be created to minimize any insider
trading. It can be utilized through the use of whistleblowers to identify organizations involved in
these malpractices. If such actions had been taken in the named cases, a fair trading environment
could be created to support fair competition in the market. Creation of ethical practices can help
in minimizing frauds in the stock market (Bodie, 2013).
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Work cited
Angel, James J., and Douglas M. McCabe. “Insider Trading 2.0? The Ethics of Information
Sales.” Journal of Business Ethics (2017): 1-14.
Bodie, Zvi. Investments. McGraw-Hill, 2013.
…
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