AcknowledgmentsIntroductionPart I. Law:1. Early development of insider trading law in the United States2. Federal regulation and the modern era3. The problem of vagueness in the law4. Injustice, incoherence and irrationality ? time for regime change5. The global experiencePart II. Ethics:6. From Cicero to Laidlaw: two thousand years of debate over the propriety of information asymmetries7. The efficient, the right, the good, and legal reform8. The economics of insider trading9. Is insider trading morally wrong? 10. Greed, envy, and insider tradingPart III. Reform:11. The path forward: an outline for reformIndex