Trading Places : Wouldn't Winthorpe and Valentine also be in trouble

Wouldn't Winthorpe and Valentine also be in trouble

Isn't what they did illegal as well?

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/

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.
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