Trading Places : Wouldn't Winthorpe and Valentine also be in trouble
Re: Wouldn't Winthorpe and Valentine also be in trouble
Sure....but they didn't get caught. They also hauled ass after.
Re: Wouldn't Winthorpe and Valentine also be in trouble
At that time, it was not illegal.
There is actually the eddie murphy rule now to prohibit using insider knowledge to manipulate an artificial price.
http://blogs.wsj.com/marketbeat/2010/03/04/first-the-volcker-rule-now-the-eddie-murphy-rule/
There is actually the eddie murphy rule now to prohibit using insider knowledge to manipulate an artificial price.
http://blogs.wsj.com/marketbeat/2010/03/04/first-the-volcker-rule-now-the-eddie-murphy-rule/
Re: Wouldn't Winthorpe and Valentine also be in trouble
Plus it's obvious the guys in charge were more than happy to pin it all on the Dukes.
Re: Wouldn't Winthorpe and Valentine also be in trouble
Nobody knew what they did, remember?
Re: Wouldn't Winthorpe and Valentine also be in trouble
Amazingly, insider trading wasnt illegal at that time.
Wouldn't Winthorpe and Valentine also be in trouble