Financial fraud under the market maker system

Felicia 2021-12-22 08:01:38

Many people did not understand the profit model of this film, which is actually quite normal. Because this film involves one of the important financial systems: the market business system. This system is a securities trading system in the United States. The official explanation is given below: The
MarketMaker Rule is a securities trading system that is different from the auction trading method, and is generally adopted by the over-the-counter market. A market maker refers to a securities business legal person with certain strength and reputation as a franchised dealer in the securities market, constantly reporting the buying and selling prices of certain specific securities to public investors, making two-way quotations and accepting public investment at that price. The buyer’s buying and selling requirements are to conduct securities transactions with investors with their own funds and securities. Market makers maintain market liquidity through this continuous buying and selling, and meet the investment needs of public investors. The market maker compensates for the cost of the service provided by the appropriate difference between the buying and selling price, and realizing a certain profit.
In fact, it is very complicated to say that, in simple terms, the US stocks are generally not allowed to be privately traded, except for assets. Strong qualified investors can directly trade on the secondary market. Others have to buy and sell through large securities companies. In other words, companies go public to wholesale stocks to brokers, and brokers then retail to individuals, and brokers earn price differences and service fees.
And this company manufactures a fictitious company producing financial products that contain a lot of moisture and sells them to investors for profit. In fact, there is no product at all, the empty glove white wolf, which may seem complicated, but in fact it is also a very simple scam.

View more about Boiler Room reviews

Extended Reading
  • Deshawn 2022-03-24 09:02:18

    The protagonist's eloquence is very good, and the English inside is also very good

  • Elroy 2022-03-26 09:01:07

    Sath's conscience finds out and still has to struggle to win the last 300,000 of JT Marin, for Mao? He then told his father that he had been working hard in the direction he expected, closing the casino and working as a stockbroker... This was very touching. . . Sath is played by Phoebe's younger brother in Friends, named Giovanni Ribisi. .

Boiler Room quotes

  • The Daily News telemarketer: [the Daily News telemarketer, over the phone, accidentally mispronouncing his name] Hi Mr. Davis, it's Ron from The Daily News, how you doing this morning?

    Seth Davis: [correcting him] It's Davis and I'm not interested

    The Daily News telemarketer: ok I'm sorry to have bothered you, have a nice day

    Seth Davis: wait a minute, that's your pitch? You consider that a sales call?

    The Daily News telemarketer: well, umm

    Seth Davis: you know I get a call from you every Saturday and it's always the same half ass attempt, if you guys want to "close" me you should "sell" me.

    The Daily News telemarketer: alright

    Seth Davis: alright, start again.

    The Daily News telemarketer: ok, it's Ron The Daily News, how you doing this morning?

    Seth Davis: [amused] shitty, what'd you want?

    The Daily News telemarketer: it's not what "I" want, it's what "you" want

    Seth Davis: alright, now we're talking, what are you selling me?

    The Daily News telemarketer: we're offering you a subscription to The Daily News at a substantially reduced price, we're trying to reach out to people who've never had home delivery before

    Seth Davis: so, your basically everybody that already have a subscription is getting fucked on this one?

    The Daily News telemarketer: yeah, I guess so

    Seth Davis: ok I can handle that, ok tell me, why should I buy your paper? Why shouldn't I get The Times? or The Voice?

    The Daily News telemarketer: Well, The Village Voice is free, if you want it, you should certainly pick it up, but The Daily News offers you something no other paper can: a real taste of New York, we have the best features, more photographs than any other papers in New York and we have the most reliable delivery in the city, now what'd you think?

    Seth Davis: you know what I think? I think that was a sales call, good job buddy

    The Daily News telemarketer: so, are you going to buy a subscription?

    Seth Davis: [before immediately hanging up] No I already get The Times.

  • Seth Davis: [while sitting in the lounge area of a bar] so who do you live with?

    Abbie Halpert: do you mean is this little black girl taking care of her grandmother because her mother is a crack head?

    Seth Davis: [jokingly] yeah exactly, I thought it was "smack" though.

    Abbie Halpert: your right.

    Seth Davis: [referring to her attitude] You've got to get ahold of that edge, it's kind of sharp.

    Abbie Halpert: I know, it's just that I get so much shit at JT that sometimes I just get into that mode to get them off of me you know?

    Seth Davis: yeah, I was going to ask you because it doesn't look like the ideal working environment for a black woman.

    Abbie Halpert: no, it isn't, but how many secretaries do you know that make eighty grand a year?

    Seth Davis: one

    Abbie Halpert: exactly