Tuesday, February 28, 2012
The government has a public service announcement announcement against insider trading by none other than Michael Douglas, who played that infamously greedy Wall St. villain Gordon Gekko. He warns us that if a deal sounds too good to be true it probably is and urges those with knowledge of insider trading to contact the FBI. Watch it on Youtube.
Meanwhile, DOJ says it is building insider-trading cases against approximately 120 individuals, including hedge fund traders and company insiders, in its ever-expanding criminal investigation. WSJ, Insider Targets Expanding