History Film / BoilerRoom

14th Apr '18 8:55:26 PM Njein
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* {{Greed}}: Since most of the brokers at J.T. Marlin are Gordon Gekko wannabes, it really shows, as they're white collar crooks knowingly committing securities and investment fraud, and the lousy shares they're selling to unsuspecting investors is bogus.

to:

* {{Greed}}: Since most of the brokers at J.T. Marlin are Gordon Gekko wannabes, it really shows, as they're white collar crooks knowingly committing securities and investment fraud, and the lousy shares they're selling to unsuspecting investors is bogus. The scene where Seth watches his colleagues imitate Gekko also shows who they truly are.



* VanityLicensePlate: Greg the douchebag has a license plate that says "2 RIP", referring to the high commissions that the Marlin brokers are getting on their lousy stock deals.

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* VanityLicensePlate: Greg the douchebag has a license plate one that says "2 RIP", referring to the high commissions that commission fees the Marlin brokers are getting on their lousy stock deals.



* WhiteCollarCrime: J.T. Marlin is a "chop shop" boiler room running a "pump and dump" scam it's using its brokers to artificially inflate the price of stocks of expired or fake companies (as well as speculative penny stocks) through bogus and misleading statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme "dump" (aka sell) their overvalued but lousy shares, the price falls and the investors lose their money.

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* WhiteCollarCrime: J.T. Marlin is a "chop shop" boiler room running a "pump and dump" scam it's using its brokers to artificially inflate scam, where the price of stocks of expired or fake companies (as well as speculative penny stocks) are inflated through bogus and misleading statements, in order to sell the cheaply purchased stock at a higher price.statements. Once the operators of the scheme "dump" (aka sell) their overvalued but lousy shares, the price falls and the investors lose their money.
22nd Mar '18 10:37:58 AM Njein
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* AskAStupidQuestion: Greg the prick asks Abby why she stopped dating him and started dating Seth, only for her to tell that it was his dickish behavior that caused their relationship to go sour.



* ConMan: J.T. Marlin is a shady brokerage firm conning unsuspecting investors by selling them lousy stock deals at artificially inflated prices through bogus statements, which includes a large commission to the brokers (up to two dollars a share for penny stocks). When the firm is done pumping the stock, the investors then have no one to sell their shares to in the market, and the price of the stock plummets.

to:

* ConMan: The brokers at J.T. Marlin is a shady brokerage firm are conning unsuspecting investors by selling them lousy stock deals at artificially inflated prices through bogus statements, which includes a large commission to the brokers (up to two dollars a share for penny stocks). When the firm is done pumping the stock, but once they've stopped hyping, they dump their position and the investors then have no one to sell lose all their shares to in the market, and the price of the stock plummets.money.



* FamilyHonor: Marty is constantly worried that his son's illegal living-room casino will endanger his own career as a federal judge. This is further exacerbated when he [[spoiler:later finds out that J.T. Marlin is actually a "pump and dump" boiler room, and gives Seth an earful for this.]]

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* FamilyHonor: Marty is constantly worried that his son's illegal living-room casino will endanger his own career as a federal judge. This is It's further exacerbated when he [[spoiler:later finds out that J.T. Marlin is actually a "pump and dump" boiler room, and gives Seth an earful for this.]]



-->'''Jim Young''': Goddamn it, you fucking guys! I'm gonna keep this short, OK? You passed your Sevens a month ago. Seth's the only one that's opened the necessary 40 accounts for his team leader. When I was a junior broker, I did it in 26 days. Okay? You're not sending out press packets anymore. None of this "Debbie the Time-Life operator" bullshit. So get on the phones! It's time to get to work! Get off your ''ass''! Move around! Motion creates emotion! I remember one time I had this guy call me up, wanted to pitch me. Right? Wanted to sell me stock, so I let him. I got every fucking rebuttal out of this guy, kept him on the phone for an hour and half. Towards the end, I started asking him buying questions like, "What's the firm minimum?" that's a buying question. Right there, that guy's gotta take me down. It's not like I asked him "What's your 800 number?" that's a fuck-off question. I was giving him a run, and he blew it, okay, to a question like, "What is the firm minimum?" the answer is ''zero''. You don't like the idea, don't pick up a single share! But this putz is telling me, you know, "Uh, 100 shares" Wrong answer! No! '''You have to be closing all the time!''' And be aggressive. Learn how to push. Talk to them. Ask them questions. Ask them rhetorical questions! It doesn't matter. Anything. Just get a "yes" out of 'em! "If you're drowning and I throw you a life jacket, would you grab it? Yes! Good. Pick up 200 shares. I won't let you drown." Ask them how they'd like to see 30, 40% returns. What are they gonna say? "No? Fuck you? I don't wanna see those returns?" ''[some of the trainees snicker]'' Stop laughing. It's not funny. If you can't learn how to close, you better start thinking about another career. And I am deadly serious about that dead fucking serious! And have your rebuttals ready. A guy says call me tomorrow bullshit! Somebody tells you that they got money problems about buying 200 shares is ''lying'' to you. You know what I say to them? I say: "Hey look, man. Tell me you don't like my firm. Tell me you don't like my idea. Tell me you don't like my fucking necktie. But don't tell me you can't put together 2,500 bucks." And there is no such thing as a no-sale call. A sale is made on every call you make. Either you sell the client some stock, or he sells you on a reason he can't. Either way, a sale is made. The only question is who's gonna close? You or him? And be relentless. That's it. I'm done.

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-->'''Jim Young''': Goddamn it, you fucking guys! I'm gonna keep this short, OK? You passed your Sevens a month ago. Seth's the only one that's opened the necessary 40 accounts for his team leader. When I was a junior broker, I did it in 26 days. Okay? You're not sending out press packets anymore. None of this "Debbie the Time-Life operator" bullshit. So get on the phones! It's time to get to work! Get off your ''ass''! Move around! Motion creates emotion! I remember one time I had this guy call me up, wanted to pitch me. Right? Wanted to sell me stock, so I let him. I got every fucking rebuttal out of this guy, kept him on the phone for an hour and half. Towards the end, I started asking him buying questions like, "What's the firm minimum?" that's a buying question. Right there, that guy's gotta take me down. It's not like I asked him "What's your 800 number?" that's a fuck-off question. I was giving him a run, and he blew it, okay, to a question like, "What is the firm minimum?" the answer is ''zero''. You don't like the idea, don't pick up a single share! But this putz is telling me, you know, "Uh, 100 shares" Wrong answer! No! '''You have to be closing all the time!''' And be aggressive. Learn how to push. Talk to them. Ask them questions. Ask them rhetorical questions! It doesn't matter. Anything. Just get a "yes" out of 'em! "If you're drowning and I throw you a life jacket, would you grab it? Yes! Good. Pick up 200 shares. I won't let you drown." Ask them how they'd like to see 30, 40% returns. What are they gonna say? "No? Fuck you? I don't wanna see those returns?" ''[some of the trainees snicker]'' Stop laughing. It's not funny. If you can't learn how to close, you better start thinking about another career. And I am deadly serious about that dead ''dead fucking serious! serious!'' And have your rebuttals ready. A guy says call me tomorrow bullshit! Somebody tells you that they got money problems about buying 200 shares is ''lying'' to you. You know what I say to them? I say: "Hey look, man. Tell me you don't like my firm. Tell me you don't like my idea. Tell me you don't like my fucking necktie. But don't tell me you can't put together 2,500 bucks." And there is no such thing as a no-sale call. A sale is made on every call you make. Either you sell the client some stock, or he sells you on a reason he can't. Either way, a sale is made. The only question is who's gonna close? You or him? And be relentless. That's it. I'm done.
20th Mar '18 12:48:27 PM Njein
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The film takes a look at the world of "Boiler Room" (seedy, dishonorable, and often fraudulent) brokerage firms. The film centers on college dropout Seth Davis (Ribisi), a budding underground casino owner from Queens, New York, who gets a job at J.T. Marlin, a less-than-reputable brokerage firm. However at the time, Seth is totally unaware of the firm's criminal reputation. Davis' opposition to his disapproving father, a federal judge, drives the plot as Davis goes deeper into the operation at J.T. Marlin than he'd like, learning how the firm scams its clients. The company is a chop shop brokerage firm that runs a "pump and dump", using its brokers to create artificial demand in the stock of defunct companies by cold calling unsuspecting investors and selling them shares at prices set by the brokerage firm, which include a large commission to the brokers (up to three dollars a share for a penny stock). When the firm is done pumping the stock, the investors then have no one to sell their shares to in the market, and the price of the stock plummets.

to:

The film takes a look at the world of "Boiler Room" (seedy, dishonorable, and often fraudulent) brokerage firms. The film centers on college dropout Seth Davis (Ribisi), a budding underground casino owner from Queens, New York, who gets a job at J.T. Marlin, a less-than-reputable brokerage firm. However at the time, Seth is totally unaware of the firm's criminal reputation. Davis' opposition to his disapproving father, a federal judge, drives the plot as Davis he goes deeper into the operation at J.T. Marlin than he'd like, learning how the firm scams its clients. The company is a chop shop brokerage firm that runs a "pump and dump", using its brokers to create artificial demand in the stock of defunct companies by cold calling unsuspecting investors and selling them shares at prices set by the brokerage firm, which include a large commission to the brokers (up to three dollars a share for a penny stock). When the firm is done pumping the stock, the investors then have no one to sell their shares to in the market, and the price of the stock plummets.
20th Mar '18 6:16:05 AM Njein
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* {{Greed}}: Since most of the brokers at J.T. Marlin are Gordon Gekko wannabes, it really shows, since they're white collar crooks knowingly committing securities and investment fraud, and the lousy shares they're selling to unsuspecting investors is bogus.

to:

* {{Greed}}: Since most of the brokers at J.T. Marlin are Gordon Gekko wannabes, it really shows, since as they're white collar crooks knowingly committing securities and investment fraud, and the lousy shares they're selling to unsuspecting investors is bogus.
18th Mar '18 2:55:07 PM Njein
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* EstablishingCharacterMoment: Jim Young's NewEraSpeech to the trainees.



* {{Greed}}: Given that most of the brokers at J.T. Marlin are Gordon Gekko wannabes, it really shows, since they're white collar crooks knowingly committing securities and investment fraud, and the lousy shares they're selling to unsuspecting investors is bogus.

to:

* {{Greed}}: Given that Since most of the brokers at J.T. Marlin are Gordon Gekko wannabes, it really shows, since they're white collar crooks knowingly committing securities and investment fraud, and the lousy shares they're selling to unsuspecting investors is bogus.



* HeelRealization: Seth [[spoiler:slowly realizes that not only the stock he's selling is fraudulent, but J.T. Marlin has lined up other office space to use if/when they're busted. This eventually forces him to cooperate with the FBI in exchange for federal immunity.]]

to:

* HeelRealization: Seth [[spoiler:slowly slowly realizes that not [[spoiler:not only the stock he's selling is fraudulent, but J.T. Marlin has lined up other office space to use if/when they're busted. This eventually forces him to cooperate with the FBI in exchange for federal immunity.]]



* TheInformant: [[spoiler:The FBI offers Seth federal immunity if he agrees to testify against J.T. Marlin once all the suspects are arrested, and threatens to involve Marty in order to assure Seth's cooperation. But Seth asserts that he will only provide strong evidence of their illegal practices, but only if his father is not dragged into the case. He and the agents come to an agreement on this, with Seth being kept overnight and allowed to return to work so he could make copies of his book of business onto a floppy disk to be used as evidence.]]

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* TheInformant: [[spoiler:The FBI offers Seth federal immunity if he agrees to testify against J.T. Marlin once all the suspects are arrested, and threatens to involve Marty in order to assure Seth's cooperation. But Seth asserts that he will only provide strong evidence of their illegal practices, but only practices if his father is not dragged into the case. He and the agents come to an agreement on this, with Seth being kept overnight and allowed to return to work so he could make copies of his book of business onto a floppy disk to be used as evidence.]]



* MisaimedFandom: InUniverse. There's a scene where the guys are having a party and watching Gordon Gekko's introduction from ''Film/WallStreet'', and being big fans of the guy, they start quoting the entire thing verbatim. Gekko is actually a very CorruptCorporateExecutive who would throw thousands of people on the street for profit and ultimately gets imprisoned for securities fraud. This is a JustifiedTrope as the Boiler Room guys are knowingly scammers themselves who project an honest image to outsiders.

to:

* MisaimedFandom: InUniverse. There's a scene where the guys are having a party and watching Gordon Gekko's introduction from ''Film/WallStreet'', and being big fans of the guy, they start quoting the entire thing verbatim. Gekko is actually a very CorruptCorporateExecutive who would throw thousands of people on the street for profit and ultimately gets imprisoned jailed for securities fraud. This is a JustifiedTrope as the Boiler Room guys are knowingly scammers themselves who project an honest image to outsiders.



* NotWhatISignedOnFor: [[spoiler:Once Seth does a bit of snooping around and begins to realize that he cheated a guy out of his money and family by selling worthless shares and that the firm is not what it all seems to be, combined with getting an earful from his father regarding the dark secret of J.T. Marlin, he decides to shut the firm down for good by cooperating with the FBI.]]

to:

* NotWhatISignedOnFor: [[spoiler:Once Once Seth does a bit of snooping around and begins to realize that [[spoiler:that he cheated a guy out of his money and family by selling worthless shares and that the firm is not what it all seems to be, combined with getting an earful from his father regarding the dark secret of J.T. Marlin, he decides to shut the firm down for good by cooperating with the FBI.]]



-->'''Marty''': [[spoiler:Hey. I spoke to Howard Goldberg over at Prudential. You lied again, you unbelievable [[PrecisionFStrike piece of shit]]. '''You lied to all of us.''' He told me about J.T. Marlin it's a chop shop, Seth. You've been selling their shit all this time. [[ArmorPiercingQuestion How many people have you fucked over? Tell me,]] ''[[ArmorPiercingQuestion how many?]]'' [[ArmorPiercingQuestion All that bullshit about them wanting you to know how the business works. The great training program, remember? All the profits you made for your customers? Did you do anything for them, Seth? Tell me, did you]] ''[[ArmorPiercingQuestion make them any money at all?]]'' ''[Seth can only look down in shame]'' Oh god. I'm done with you, Seth. This is it. I've had it. I don't want to see you again. I don't want you to come to the house. I don't want you to call. This is ''worse'' than the casino, Seth. You've been stealing. Look at me. ''[Seth looks at him.]'' You're ''destroying'' people's lives.]]

to:

-->'''Marty''': [[spoiler:Hey. I spoke to Howard Goldberg over at Prudential. You lied again, you unbelievable [[PrecisionFStrike piece of shit]]. '''You lied to all of us.''' He told me about J.T. Marlin it's a chop shop, Seth. You've been selling their shit all this time. [[ArmorPiercingQuestion How many people have you fucked over? Tell me,]] ''[[ArmorPiercingQuestion how many?]]'' [[ArmorPiercingQuestion All that bullshit about them wanting you to know how the business works. The great training program, remember? All the profits you made for your customers? Did you do anything for them, Seth? Tell me, did you]] ''[[ArmorPiercingQuestion make them any money at all?]]'' ''[Seth can only look down in shame]'' [[IHaveNoSon Oh god. I'm done with you, Seth. This is it. I've had it. I don't want to see you again. I don't want you to come to the house. I don't want you to call. ]] This is ''worse'' than the casino, Seth. You've been stealing. Look at me. ''[Seth looks at him.]'' You're ''destroying'' people's lives.]]



** There is another term for "Boiler Room", which is a room full of people that are selling pretty much anything. It doesn't have to be illegal, but it's generally considered a poor way to do business, as the people are "fuel for the boiler", and are used up and thrown away: the idea isn't to have a positive work environment, it's to get people that need money, squeeze any utility out of them, and then dump them when they're not longer useful.

to:

** There is another term for "Boiler Room", which is a room full of people that are selling pretty much anything. It doesn't have to be illegal, but it's generally considered a poor way to do business, as the people are "fuel for the boiler", and are used up and thrown away: the idea isn't to have a positive work environment, it's to get people that need money, squeeze any utility out of them, and then dump them when they're not no longer useful.
9th Mar '18 2:53:23 PM PaladinPhoenix
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Added DiffLines:

** There is another term for "Boiler Room", which is a room full of people that are selling pretty much anything. It doesn't have to be illegal, but it's generally considered a poor way to do business, as the people are "fuel for the boiler", and are used up and thrown away: the idea isn't to have a positive work environment, it's to get people that need money, squeeze any utility out of them, and then dump them when they're not longer useful.
17th Feb '18 7:02:12 AM Njein
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* NoYou: When Greg asks Abby why she started dating Seth over him, Abby tells that it was his JerkAss behavior that turned her off.



* TerminologyTitle: Financial-services industry term for brokerage firms that specialize in defrauding unwitting customers.

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* TerminologyTitle: Financial-services Securities industry term for brokerage firms that specialize in defrauding unwitting customers.



-->'''Abby:''' [[CondescendingCompassion Oh, honey]] - you were never hitting it. And he's not the reason, Greg...you are.

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-->'''Abby:''' [[CondescendingCompassion Oh, honey]] - you were never hitting it. [[NoYou And he's not the reason, Greg...Greg... you are. are.]]
17th Feb '18 3:47:51 AM thelocalbaloneysupply
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Added DiffLines:

* TheDogBitesBack: When Abby tells Greg off for the second time.
-->'''Greg:''' (referring to Seth) [[AskAStupidQuestion Don't tell me that's why I'm not hitting it anymore.]]
-->'''Abby:''' [[CondescendingCompassion Oh, honey]] - you were never hitting it. And he's not the reason, Greg...you are.
17th Feb '18 1:31:45 AM thelocalbaloneysupply
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This film was inspired by the real-life experience of Ben Younger, who had gone to a meeting with a friend at an actual boiler room. The friend, who drove a a new sports car and claimed "you work there for a year, make your million bucks, go to the Bahamas..." suggested that Younger work there. The firm (which was busted a few years later) offered Younger a job, which he declined - choosing instead to write about it. [[http://www.imdb.com/title/tt0181984/faq#fq0019152]]

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This film was inspired by the real-life experience of Ben Younger, who had gone to a meeting with a friend at an actual boiler room. The friend, who drove a a new sports car and claimed "you "...you work there here for a year, make your million bucks, go to the Bahamas..." suggested that Younger work there. The firm (which was busted a few years later) offered Younger a job, which he declined - choosing instead to write about it. [[http://www.imdb.com/title/tt0181984/faq#fq0019152]]
17th Feb '18 1:30:13 AM thelocalbaloneysupply
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This film was loosely inspired by the real-life criminality at the Stratton Oakmont brokerage firm, which later inspired the less fictionalized Creator/LeonardoDiCaprio film ''Film/TheWolfOfWallStreet''.

to:

This film was loosely inspired by the real-life criminality experience of Ben Younger, who had gone to a meeting with a friend at an actual boiler room. The friend, who drove a a new sports car and claimed "you work there for a year, make your million bucks, go to the Stratton Oakmont brokerage firm, Bahamas..." suggested that Younger work there. The firm (which was busted a few years later) offered Younger a job, which later inspired the less fictionalized Creator/LeonardoDiCaprio film ''Film/TheWolfOfWallStreet''.
he declined - choosing instead to write about it. [[http://www.imdb.com/title/tt0181984/faq#fq0019152]]
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