Richard Gere First Look in New 'Arbitrage Trailer' (watch!) 1Richard Gere is the latest to tackle the misdeeds of Wall Street in “Arbitrage.” In a new trailer, he’s shown in a confrontational scene with actress Brit Marling. Early buzz suggests this role has Oscar written on it for Gere.

“I can’t wait for people to see Richard and the cast’s beautiful, hauntingly electric work on-screen,” said director Nicholas Jarecki in a statement. It’s his first feature film.

Gere, 62, plays super-rich hedgefund magnate Robert Miller, who gets into some trouble involving his trading empire and finds help from an unlikely source.

Although the film isn’t about Wall Street fraudster Bernie Madoff, Gere’s character is said to be Madoff-like.

Both are schemers. The character’s billion-dollar empire is unraveling like Madoff’s, and he struggles to save it. Things get complicated when Miller kills his mistress in a car accident and covers it up, a la Tom Wolfe’s “Bonfire of the Vanities.”

A so-called Manhattan investment “oracle” Millers problems begin when he loses $400 million, half his investment fund’s reserves. He cooks up a scheme to hide the mistake from auditors so he can sell his business to a major financial institution. Marling plays daughter Brooke Miller, who is also her father’s chief investment officer. She knows nothing of his scam.

In another parallel with the Madoff scandal, the character’s business spills over into his personal life. In the trailer, father and daughter have an emotional confrontation in New York’s Central Park.

“Familiar but not stale, and greatly helped by Richard Gere’s fine-tuned performance, it has strong commercial potential,” says The Hollywood Reporter.

The film was screened at the Sundance Film Festival in Park City, Utah. Lionsgate and Roadside Attractions think the Wall Street greed is still hot. They snapped up the film for an estimated $2 million, according to Entertainment Weekly.

The studio bought Wall Street drama “Margin Call,” with Kevin Spacey, Demi Moore, Paul Bettany, Jeremy Irons and others, last year at the festival, and was happy with the results. The film was made for a paltry $3.5 million and grossed almost $12 million worldwide, not counting DVD sales.

Footnote: Marling should know her role well; she has an economics degree from Georgetown University.

Check out the clip below: