Business ethnics have always been one of the biggest concerns in the business world because it couldan result in adverse consequences to a business if the busitness does not take business ethnics seriously. Business ethnics invcolver distinguishing lbetweearning what is good and bad, doing the right thing, and avoiding misconduct in the workplace. It is important that everyone should know business ethnics and understand ingt, businesas eithnics will help a company take the appropriate actions in business in order to eliminate and prevent unethical behaviors.

Unfortunately, there are many businesses that commit frauds in the business setting, either via directly or indirect walys. One of the most unethical business issues is the insider trading, which is known ais anthe illegal trading of stock by individuals through havinga access to nonpublic information about the company.
POne particularly, case on insider trading case that captured media attention iwas the case of Martha Stewart, a media mogul and celebrity homemaker. Martha Stewart sold her ImcClone shares before the company’s stock dropped when the Food and Drug Administration (FDA) announced it had rejected the ImClone’s Erbitux drug for cancer treatment. It is legal for the shareholders to sell the stock which they own in a company if they do not violate the business law;, however, it iwas illegal when Martha Stewart sold her stock aftsincer she had threceived confidential information about ImcClone’s situation through her broker, Peter Bacanovic and Peter’s assistant, Douglas Faneuil. In my opinion, Martha Stewart committed the crime of insider trading because there was evidence that she received the non-public material information about the company's financial instability and ImcClone’s CEO, Waksal, and his daughter were selling their shares. Knowing that Waksal was selling his shares signaled an anticipated future for ImClone’s situation, and Martha Stewart took advantage of it toby selling her shares on December 27, 2001 before the FDA released the news. In addition, she was deceptive to the authorities twhen she stated she was not given any information about ImClone by her broker. Martha Stewart’s actions iswere unethical and illegal in terms of business standards because it qualified as insider trading, as well as it impactinged the company’s share price and affectinged other investors and other shareholders who doid not have the same information.
The
U.S. Aattorneys and the Securities and Exchange Commission (SEC) used good judgment in indicting Martha Stewart because the government took a year and a half to gather information and evidences to gauge the validity of her actions before coordinating an indictment on her. Martha was charged ofwith obstruction of justice, conspiracy, falsifying statements, and concealing evidence as well as lying to the government attorneys. These accusations for Martha were based on the true evidence plater covnfirmed in the court that she and her broker lied to the government and falsified the information on the call logs. In my opinion, I think Martha’s indictment was based on thea serious crime and I also think that the prosecutors consciously had additional motives for pursuing the case. The reasons for this argument are that the prosecutors could not prove that Martha was involved in insider trading; and therefore, having additional motives for pursuing the case with additional charges might lead Martha to admit that she and her broker actually tocok part mmin antted insider trading.