Life And Career Of Jordan Belfort

2026 Words May 5th, 2016 9 Pages
In this film it focuses on the life and career of Jordan Belfort, a stockbroker and entrepreneur who founded the brokerage company Stratton Oakmont in 1989 and continued operations until 1996. Stratton Oakmont’s operations ceased as a result of an investigation sparked by the National Association of Securities Dealers and the United States Securities and Exchange Commission (SEC). The company had been operating pump and dump schemes with the market, which worked by artificially raising the price of certain stocks by giving false and misleading positive statements about the stock, and then dumping the stock for a large profit which in turn makes the price of the stock fall and investors in the exchange lose money in the deal. Along with the …show more content…
This is a good foundation for the kinds of ethics involved in the remainder of the film, and the actions represent Belfort’s future moral identity. After this scene, it shows a younger Belfort who is fresh on Wall Street, and wants to make money and be a responsible stock broker. He mentions to his boss at a lunch during his first day on the job that it is advantageous to everyone to benefit both the client and the stock broker. The boss refutes this, and says “fuck the clients, your only responsibility is to put meat on the table,” and “move the money from your client’s pocket into your pocket.” All the while, the boss is doing cocaine at the table and overall is just telling this young man who would like to remain ethical to just screw over any potential client for personal gains. A quickly known fact in this movie is that these unethical stockbrokers only care about individual gains and have a bias to favor the self, and these individuals only care about money and do not have any regard for the well-being of the clients. These stockbrokers have a clear lack of empathy for their clients.
Through this experience Belfort starts to behave like the boss suggested, and you see a shift in his personal life from being a dedicated husband to being constantly drunk and in strip clubs. You can see a clear reflection of his work habits spilling over into his personal life, and you see the constant progression of Belfort losing
Open Document