Gekko has Bud Fox buy him 15k shares of BlueStar the day before a favorable ruling only Fox's dad and the union know comes out. Wouldn't be hard to connect those dots and see that Fox was insider trading. No way in real life would someone as smart as Gekko allow himself to go through Fox to buy those shares in BlueStar.
shareI think that the SEC wouldnt have thought about Bud having a father that was working for Bluestar Airlines that told him about the court ruling, they wouldnt really have any reason to know about that yet, so it might have slipped past their radar, Gekko had Bud Foxe checked out throughly but the SEC would just see him as another random trader doing a deal, only if he was already being looked at or checked would they have reason to suspect Bud and investigate that trade.
But yeah if they knew about Bud having a father working for the airline then they would have investigated and asked questions to Bud, Gekko and Carl, Carl is an honest man and might have mentioned that he told the ruling to Bud, not knowing that this would get him into trouble, only later on does Bud get investigated but before that time he was a nobody trader and not on their radar so it wouldnt connect, maybe at the end they did connect him to this after researching his deals with Gekko but until that time he wouldnt have been suspected of any Insider Trading on this deal yet, Gekko never expected Bud to screw things up and lose at all either.
Right: because the SEC knows the full family background of over half a million registered reps, and tracks every trade of 15,000 shares.
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