The Federal Bureau of Investigation has turned to Michael Douglas to reprise his “Wall Street” movie character, Gordon Gekko, in order to help fight securities fraud and insider trading.
Appearing in a public service announcement, Douglas as Gekko pleads with fund managers and Wall Street analysts to avoid imitating the activities in which his character engaged onscreen.
“In the movie ‘Wall Street’ I played Gordon Gekko, a greedy corporate executive who cheated to profit while innocent investors lost their savings. The movie was fiction, but the problem is real. Our economy is increasingly dependent on the success and integrity of the financial markets. If a deal looks too good to be true, it probably is,” remarks Douglas.
The FBI will use the Douglas footage to assist an insider trading initiative called “Perfect Hedge,” which combines the agency’s resources with the New York U.S. Attorney's office and the Securities and Exchange Commission to investigate illegal insider trading.
Bloomberg News reported that Douglas was stunned by the positive response he received from the people who work on Wall Street over his Gekko character.
The actor reportedly described being regularly approached by folks who would “high-five” him or shake his hand for having portrayed a villain who stole other people's money.
Douglas won a best actor Oscar for his work in Oliver Stone's 1987 film, “Wall Street,” and brought Gekko back for a 2010 sequel, “Wall Street: Money Never Sleeps.”
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