MarketBeat: The Eddie Murphy Rule?

Huh?

MarketBeat’s Matt Phillips zeroed in on a juicy tidbit in the testimony of Commodities Futures Trading Commission head Gary Gensler in testimony to Congress today about why futures and such should be on more open, transparent exchanges.

Phillips noticed Gensler proposed literally what he calls an “Eddie Murphy” rule, whereby traders would not be able to use insider information from the government, such as commodities outlook, to garner advantage trading, as actor Eddie Murphy and his sidekick Dan Akroyd did in the movie “Trading Places.”