boiler room movie essay

one to be disqualified. As observed from the movie, most of the senior stockbrokers at JT Marlins do not qualify to perform any advisory functions in the mainstream and legitimate brokerage firms. Furthermore, the more skillful Seth becomes, the more we can see Seth is using different powerful persuasive techniques in order to catch the attention of the clients. The movie "Boiler Room" there are many unethical business mistakes. Martin or Chop shop is only in it to make the most amount of money it can make for its partners or "board members." The employees there aren't very ethical, the types of people Seth works with are all people who grew up on the. The movie focuses around the main character, Seth Davis (Giovanni Ribisi a intelligent young man who has made thousands of dollars running an underground casino out of his house. He will now make a legitimate living, hoping this will gain the acceptance and respect from his father that he has always wanted. Marlin teaches their employees to tell untrue statement about the stock and the company in order to attract the clients interest toward the stocks. Similarly, any experienced trainees should be treated as an asset to the organization since he or she brings knowledge in addition. The brokerage he works for is like a chop shop.

boiler room movie essay

Kahn (1988, p 8) posits that the management should also source for qualified and competent brokers to handle the clients as highlighted by Mabey et al (1998, p195). In fact the successful stockbrokers taught Seth that he had to lie to get anywhere in this industry. The newly hired trainees make calls to lists of prominent to middle class men and apply high-pressure tactics to sell the companies exclusive initial public offerings (IPO's). The lucrative margins displayed in the prospectus are the basis for decision-making by customers. The management is mandated to steer the organization towards the right direction. On the contrary, their main worry was the source of the next stash of cash to fund their spending sprees. Seth dropped out months prior and was running an illegal casino out of his apartment building. Any significant differences between two companies necessitate investigation, as they could be indicators of fraud. The drug that helps infants to develop is one of the examples they mention in the movie. JT marlin is a company dealing in investment advisory. One main concern is how they pay so much per share of stock when its way over the legal limit allowed. Merit basis dictates that the most experienced is the most appropriate.

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