Michael Douglas, leading actor of the movie Wall Street, is playing a new and unlikely role as spokesman for the Federal Bureau of Investigation in its war against corruption on Wall Street.
The actor, who became a symbol of Wall Street culture for coining the phrase “Greed is Good” in the 1980s movie, is sending a new message. In a public service announcement, Mr Douglas will tell traders and brokers that insider trading is a serious crime.
The FBI showed the 60 second segment at an event on Monday morning, as officials highlighted that white collar crime is the top priority of the New York office. They hope to reach traders and hedge fund portfolio managers who might face the choice of crossing the line from trading on legal stock research to illegally trading on secretive non-public information.
David Chaves, the FBI supervisor overseeing the insider trading investigations who conceived the public service announcement, said the agency hoped it would be “a big deterrent for people who are on that line. That’s our goal here.”
Mr. Chaves said he made contact with Mr. Douglas, who won an Oscar for his role as the antagonist Gordon Gekko in Wall Street, because of the symbolism of the role. The segment was filmed at the Trump International Hotel in New York.Page 1 of 3 | Next Page