![]() ![]() The simple pump and dump deal made Jordan a millionaire within a short span of time. As the investors becomes loyal to the firm, Jordan and his friends would sell them unlisted penny stocks, on which the company would earn high commissions. Their business model relies on luring the top 1% population of America and gaining their confidence by pitching blue-chip stocks initially. They decide to open up a brokerage firm, named Stratton Oakmont, and recruit Jordan’s friends as the senior brokers at the company. While eating at a restaurant, Jordan meets Donnie Azoff, his neighbor, and both of them become friends instantly. Using his impressive sale tactics, he makes a good fortune while working at the firm. Jordan is lured by the amount of potential this business carries. In his initial task, Jordan is made to pitch the stock of a company named Aerotyne, a pink sheet stock of a company based out in a small garage. The firm deals in unlisted penny stocks and pink sheets while engaging in illicit businesses with high commissions up to 50% of the traded value. To move forward with his career, Jordan joins a Boiler Room stock brokerage firm in the Long Island, named Investors Center. The unfortunate Black Monday of Octooccurs, resulting in termination of Jordan’s job at the bank. He learns the art of generating high commissions, through his aggressive stock pitching, very quickly while working under Mark Hanna, a senior stockbroker at the firm. The movie starts by introducing Jordan Belfort, a 22-year-old stockbroker, who has joined an investment bank named L.F. ![]() Aunt Emma: Aunt of Naomi residing in England. ![]() Donnie Azoff: Co-founder of Stratton Oakmont.Jordan Belfort: Founder of Stratton Oakmont.On the marketing side, the use of high-pressure telephonic tactics and scripted talks has been shown as an effective measure to lure people into these scams. The movie shows how Stratton Oakmont, the firm founded by Jordan and his friends, was involved in a series of large scale corruption and scams that managed to dupe people into investing their hard-earned money in penny stocks. The Wolf of the Wall Street (2013) is an American drama movie based on true events showcasing the life of an infamous stockbroker and trader, Jordan Belfort. This article written by Akshit Gupta (ESSEC Business School, Master in Management, 2022) analyzes The Wolf of Wall Street movie. Analysis of The Wolf of Wall Street movie ![]()
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