See, the thing is, you COULD watch Boiler Room or Sopranos. But a more honest look at crime on Wall Street. Nothing beats The Big Short, global perspective, Margin Call.
Like I said. Biggest gangsters are the ones that don't have to hide/fight/wear sheepskins or mislead anyone.
I mean, the PFL rang the Bell at the NYSE. That's some gangster shit.
Clarification: I was telling the guys that I was calling from that particular list to watch the sopranos scenes re “webistics” or “margin call” because the scenarios most closely mirrored their own
I’m not kidding that one list came from some bucket shop where they had guys buying shares in some BS that literally (w/o being completely delisted mind you) changed its business model being a chain of retail establishments one day to a waste management company He next.
These sorts of clients were not my bread and butter, though; as I typically stuck to senior partners (attorneys,consultants, accountant, etc…) at big firms mostly in the Europe or really anywhere, but the time zone made it easiest.
Every once in a while you’d buy a list of farmers from some firm that was going out of business or that had a broker who got pissed off so he sold the firm’s list, when he quit, etc.. Low hanging fruit since their brokers were shady.
You transfer in their existing BS stock, sell it, then show them a healthy return on real companies, and when they sell some land (or whatever) would send in more cash.
They’d generally leave you alone since their first brokers were either misrepresenting themselves and what they were selling; or so ridiculously incompetent that it bordered on criminality.
Frankly, these types of guys wouldn’t have passed my initial qualification test (no matter how wealthy) due to the fact that they really didn’t know anything about the market.
We (I since I can’t speak for the other brokers at my firm) were initially just doing them a favor recouping some of their losses.