The purpose of this article is to analyze the lack of clarity in national literature concerning the standard of protection and normative structure of insider trading in the Chilean legal system. After an initial review of the standards of protection established by international literature,followed by a description of its manifestations and conflicts in domestic literature,we propose an historical systematical analysis of the elements that constitute the prohibition and punishment of such conducts,from which the results of this research arise: The Chilean legal system shows its adherence to the institutionalized standard of protection of the stock market.
