MICHAEL DOUGLAS FBI PUBLIC SERVICE ANNOUNCEMENT MEANS LOSS OF REWARDS

Michael Douglas, who played financial villain Gordon Gekko in the film WALL STREET now appears in FBI public service announcements released this week targeting financial fraud. If people follow his advice however, they will miss out on cas rewards that the government pays under new financial whistleblower laws. Under the SEC’s whistleblower program, tipsters are entitled to upto 30% of the moneys the SEC collects if the sanctions exceed $1 million.