The Insider Trading Sanctions Act of 1984 was created to crack down on Wall Street insiders using secret information for personal gain. This law increased penalties for breaking securities rules and focused on punishing wrongdoers instead of compensating victims. The law covers insider trading offenses, but there are challenges in proving these cases. It's still unclear how far the law's liability extends. Overall, this law is expected to be useful in cases where insiders breach their duty.