NY Times' Dealbook reports: No, there’s not another big-budget Oliver Stone follow-up to “Wall Street” in the works. Instead, Michael Douglas, who played the financier in the 1987 movie and the sequel, is now starring in a straight-to-television video for the Federal Bureau of Investigation meant to root out insider trading — the same crime that brought down the high-flying Mr. Gekko.
A one-minute spot that points out that illicit trading is, in fact, illegal might not seem a priority. But the new video — now showing on CNBC and Bloomberg Television — is part of the government’s broader initiative aimed at drawing cooperating witnesses and tipsters from Wall Street.
For years, insider trading was not a top focus at the bureau, so would-be informants might not have known where to turn, the thinking went. Now that the crime is front-and-center for securities investigators, the video is part reminder, part plea for those who have seen something illegal to say something.
“The movie was fiction, but the problem is real,” Mr. Douglas, sans the slicked-back hair that his character sported, says in the announcement….
Find out more at http://dealbook.nytimes.com/2012/02/27/michael-douglas-tackles-greed-for-the-f-b-i/
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