JT Marlin is a stamp stock brokerage (chop stock brokage) company, operates a pump and dump the company, using its agent to produce expired or fake company's stock and speculative penny stocks artificial demand . When the company draws its shares, the founders of the company sell and trade legal shares to obtain record profits. However, when stock prices plummet, no one is sold to the market by investors, which leads to investment losses.
pump and dump is aa form of security fraud, artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price.
It is basically a security fraud in the form of a pump. Artificially raise the stock price of one's own stocks through false and misleading positive statements. Sell junk stocks at high prices. Once operators start to sell overvalued stocks, the price will fall and investors will lose all of their investment. In the past, Mobai telephones were used to sell such stocks. In the movie The Wolf of Wall Street, the company that Xiao Li worked for also sold junk stocks in this way. In this movie, the boss of JT Marlin, David, owns some special stocks of the company. The direct owner of these stocks is actually himself. He then sells these fake stocks through JT Marlin's sales staff.
As for the relationship between him and the issuing company of these fake stocks, when Seth found that all the signatures are David when studying the IPO report in the movie, it means that the harvester of these stocks is David himself. General stock trading should be carried out by securities companies for delivery trading.
In addition, what evidence does David destroy with the paper shredder every day? Seek answers. Reference:
Wikipedia, Boiler Room (film)
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