Legality of Insider Trading

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Insider trading is the activity of one or more people when buying/selling stocks or crypto on an exchange but based on information from within the exchange or insiders. Very material or important information has not been announced to the public, so that buyers/sellers of stocks or crypto will make huge profits. As far as I know, an insider will have several subordinates (not insiders) and are given capital to buy certain stocks, after a few days the price soars the subordinates will sell the stock by making a huge profit and then they will share the profits. You need to know that a registered securities employee is not allowed to buy and sell stocks on any exchange.

In some countries insider trading is prohibited or illegal, such as the SEC and OJK Indonesia also prohibit insider trading and always detect the possibility of insider trading. So in your opinion, why is insider trading prohibited?
 
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