Final answer:
An unethical activity called insider trading when insiders use private company information to further their own fortunes or those of their family and friends.
Step-by-step explanation:
An unethical activity called insider trading occurs when insiders use private company information to further their own fortunes or those of their family and friends. This type of activity can undermine the integrity of financial markets and is considered illegal and unethical. Insider trading is heavily regulated and monitored by financial oversight bodies to protect investors and maintain fair market conditions.
In contrast to other types of unethical conduct, such as industrial espionage, which involves acquiring secrets from competitors, or the illegal and unethical activities of groups like the White House plumbers, insider trading specifically deals with the misuse of confidential information for personal gain. The societal impact of such activities can be substantial, influencing not just the individuals involved, but also the trust in and functioning of entire markets and industries.