MovieChat Forums > Trading Places (1983) Discussion > Wouldn't Winthorpe and Valentine also be...

Wouldn't Winthorpe and Valentine also be in trouble

posted 9 years ago by audierules
6 replies | jump to latest

Isn't what they did illegal as well?

[–] danimal09752 9 years ago

Sure....but they didn't get caught. They also hauled ass after.

[–] helios987 8 years ago

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/

[–] TerrorTribble 8 years ago

Plus it's obvious the guys in charge were more than happy to pin it all on the Dukes.

[–] stevenackerman69 8 years ago

Nobody knew what they did, remember?

[–] Zac_512 8 years ago

Amazingly, insider trading wasnt illegal at that time.

[–] CalvinJarrett (464) 4 months ago

Apparently, insider trading based upon a yet-to-be-released government finding was not illegal in 1983. And even if it was, the only people who might've had a hint as to what Winthorpe and Valentine did would be Randolph and Mortimer Duke. And what are they going to say? We hired a private detective to secrete the U.S. Dept. of Agriculture's findings on orange harvests for this year before it was made public, but Winthorpe and Valentine secreted it from our detective and replaced it with a phony report. Even if it wasn't illegal then, nobody is going to side with the Dukes in a scenario like that.