FBI Announces Public Service Announcement by Michael Douglas on Securities Fraud and Insider Trading
This morning the FBI announced a new public service announcement featuring Michael Douglas, soliciting tips and information on securities fraud and insider trading. This is part of the continued push—and focus on a top FBI priority—to root out criminal behavior in the marketplace.
“Integrity and fairness are paramount to the success of our markets. Today’s announcement brings us closer to that objective” said FBI Assistant Director in Charge Janice K. Fedarcyk. “The FBI will continue to pursue those who cheat the system; Operation Perfect Hedge and the Galleon probe are two recent examples of our ongoing efforts.”
Michael Douglas: “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.”
Also released today is undercover video from the 2010 Walt Disney Co. investigation, when a secretary and her boyfriend attempted to sell quarterly earnings reports to two undercover FBI agents in New York.
Anyone with information on securities fraud or insider trading is asked to call the FBI in New York at 212-384-1000. As always, tipsters may remain anonymous.