Insider trading has serious repercussions, both in the financial world and society at large. This unethical practice undermines the integrity of the market, eroding investors' trust. When insiders use non-public information to make trading decisions, it creates an unfair advantage, distorting the level playing field for all investors. This illicit activity not only harms individual investors but also has wider economic implications. It can lead to market instability and distorted prices, as well as discourage potential investors from participating. Moreover, insider trading can damage the reputation of companies involved, resulting in loss of business and investor confidence. Regulators and authorities play a crucial role in detecting and prosecuting insider trading to maintain the fairness and transparency of the financial markets.