Law of Insider Trading - Essay Example

This includes the illegal downloading of music or video files, the creation, and distribution of viruses on computers, and may be as grave as stealing millions from online bank accounts (TechTerms.com, n.d.). It differs from insider trading in that it uses the computer as a target, accessory, or weapon. (Cybercitizenship.org, n.d.). If the government will not control insider trading, there is a possibility that the stock market may crash, which will have a detrimental impact on the economy of a country.

Furthermore, investors might think twice before investing in the stock market; thus, investments in the stock market may be scarce, again creating a negative impact on the economy. In October 2006, Megan Meier committed suicide as a result of a cruel cyber hoax (ABCNews.com, 2007). It started when Megan befriended a cute boy, Josh Evans on the social networking site MySpace. After more than a month-long relationship, Megan received an email from Josh stating that he did not want to be friends with her anymore because she was not nice to her friends.

Megan saw several electronic bulletins posted saying nasty things about her. Megan could not handle the stress and depression; thus, she hung herself in the closet. Yes, one thinks that there should be harsher laws for cyberbullying because of its severe effects on the victims, including that of having to commit suicide.