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What is the Eddie Murphy rule?
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Did Eddie Murphy 'trading places' reveal a loophole in commodities exchanges?
Why did Eddie Murphy & Dan Aykroyd trade on a misappropriated report?
Mar 3, 2010 · The CFTC’s latest trading ruling will be named “Eddie Murphy” in homage to the actor’s famous role in the film “Trading Places”.
Jul 12, 2013 · Sure, Louis Winthorpe (Dan Aykroyd) and Billy Ray Valentine (Eddie Murphy) get rich, and the Duke brothers lose all their money. But what actually happens? How does it work?
- The Eddie Murphy Rule
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The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in 2010. You can find Section 746 on pages 364 and 365 of the law’s 849 pages. Section 746 has been called the Eddie Murphy Rule. The Eddie Murphy Rule came from these four minutes of Trading Places: In those four minutes, the Duke brothers lost huge money after Eddie Murphy a...
Somewhat similarly, “nonpublic information misappropriated from a government source” was in the news last week. WSJ tells us that an audio feed from the Bank of England was seconds ahead of the broadcast news conference. As a result, traders with (paid) access to the faster feed could trade on interest ratedecisions before anyone else:
The Bank of England is not alone. At the U.S. Federal Reserve, journalists are given sensitive information in a “lockup room.” This lets them sift through what could be lengthy and complex material. Then, at the precise release time, the information embargo ends and they can send a headline, like the following to, for example, a Bloombergterminal: ...
Dec 22, 2014 · The 1983 comedy 'Trading Places' revealed a loophole in in commodities exchanges that the Eddie Murphy rule was designed to close.
- Dustin Rowles
Dec 18, 2023 · The case relies on the so-called “Eddie Murphy Rule,” Rule 180.1, which was promulgated in 2011 in part because then-CFTC Chairman Gary Gensler felt that the wrongful acts by Eddie Murphy’s character in the hit movie “Trading Places” were not clear-cut violations of the CFTC rules at the time.
Jun 8, 2013 · The “Eddie Murphy Rule” is about “banning using misappropriated government information to trade in the commodity markets.”
Section 746 of the reform act is referred to as the "Eddie Murphy rule". [1] An anonymous seller sold off their portion of the royalties earned from the film for $140,000 in 2019. At the time, the share was generating an average of $10,000 per annum.
