The Wolf of Wall Street

In 1987, 22-year-old Jordan Belfort lands a job as a Wall Street stockbroker for L.F. Rothschild, employed under Mark Hanna. He is quickly enticed by the drug-fueled stockbroker culture and Hanna’s belief that a broker’s only goal is to make money for himself. Jordan loses his job following Black Monday, the largest one-day stock market drop in history after the 1929 stock market crash, and takes a job at Investor’s Center, a boiler room brokerage firm on Long Island that specializes in penny stocks. He makes a small fortune thanks to his aggressive pitching style and high commissions.

Jordan befriends his neighbor Donnie Azoff, and the two start their own boiler room-styled brokerage company. They recruit Jordan’s childhood friends Robbie Feinberg, Alden Kupferburg, Nicky Koskoff, Chester Ming, and Toby Welch, as well as local drug pusher Brad Bonick, all of whom Jordan trains in the art of the “hard sell,” and set up the company in an abandoned auto repair shop. Jordan’s tactics and salesmanship largely contribute to the success of his pump and dump scheme, in which misleading, positive statements inflate a stock’s price so it can be sold at an artificially high price. When the scheme’s perpetrators sell their overvalued securities, the price plummets, and those who were conned into buying at the inflated price are left with stock that is suddenly worth much less than they paid for it. To cloak this, Jordan gives the firm the respectable-sounding name of Stratton Oakmont in 1989.