Gordon Gekko goes legit
Greed is not so good anymore as Michael Douglas helps the FBI go after insider trading.
The actor who played the infamous financial bamboozler in the 1987 film "Wall Street" is now asking people to report insider trading to the Federal Bureau of Investigation. Michael Douglas has taped a public service announcement to help the FBI crack down on insider trading.
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"The movie was fiction, but the problem is real," Douglas says in the video. "Our economy is increasingly dependent on the success and the integrity of the financial markets."
Why all the attention? The FBI says the number of insider-trading cases is growing. And getting Douglas to tape a PSA is a pretty ingenious way to raise awareness of the issue.
"The antagonist role that he played as Gordon Gekko suggested to us there would be no better voice to put this message out insider trading and securities fraud," Special Agent David Chaves, a supervisor at the FBI's corporate and securities fraud unit, told ABC News. "Greed is a factor that we always have to consider. Our hope is that we continue to be proactive and aggressive in this area."
Here's Douglas as Gordon Gekko giving the "greed is good" speech in "Wall Street."
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