Talk:Stratton Oakmont

This article is rated Start-class on Wikipedia's content assessment scale.
It is of interest to the following WikiProjects:

Companies Low‑importance

This article is within the scope of WikiProject Companies, a collaborative effort to improve the coverage of companies on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.CompaniesWikipedia:WikiProject CompaniesTemplate:WikiProject Companiescompany articles

Low This article has been rated as Low-importance on the project's importance scale.

WikiProject Companies To-do:

Here are some tasks awaiting attention:

Article requests : Wikipedia:Requested articles/Business and economics/Companies
Assess : Category:Unassessed company articles
Copyedit : Category:Company articles needing attention
Infobox : Category:Company articles needing infoboxes
Maintain : Portal:Companies
Stubs : Help expand stub articles located at Category:Company stubs
Other :
- Tag company articles with the {{portal|Companies}} template
- Tag company talk pages with the {{WikiProject Companies}} project banner
- Answer requests for comments

Finance & Investment Mid‑importance

	This article is within the scope of WikiProject Finance & Investment, a collaborative effort to improve the coverage of articles related to Finance and Investment on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.Finance & InvestmentWikipedia:WikiProject Finance & InvestmentTemplate:WikiProject Finance & InvestmentFinance & Investment articles
Mid	This article has been rated as Mid-importance on the project's importance scale.

New York (state): Long Island

	New York (state) portal This article is within the scope of WikiProject New York (state), a collaborative effort to improve the coverage of the U.S. state of New York on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.New York (state)Wikipedia:WikiProject New York (state)Template:WikiProject New York (state)New York (state) articles
???	This article has not yet received a rating on the project's importance scale.
	This article is within the scope of WikiProject Long Island, a project which is currently considered to be inactive.

Crime and Criminal Biography Low‑importance

	This article is within the scope of WikiProject Crime and Criminal Biography, a collaborative effort to improve the coverage of Crime and Criminal Biography articles on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.Crime and Criminal BiographyWikipedia:WikiProject Crime and Criminal BiographyTemplate:WikiProject Crime and Criminal BiographyCrime-related articles
Low	This article has been rated as Low-importance on the project's importance scale.

Stratton Oakmont founding - consistency issue

The Danny Porush page claims that: Stratton Oakmont was a Long Island, New York, "over-the-counter" brokerage house founded by Jordan Belfort and Danny Porush.(link)

The Stratton Oakmont page on the other hand... Stratton Oakmont was a Long Island, New York, "over-the-counter" brokerage house founded by Jordan Belfort and Kenny Greene, and later bought by Danny Porush.(link)

Clearly there is an inconsistency here on who actually founded the firm...

Some quick googling shows that NY state requires a 'Certificate Of Incorporation'; but does not seem to post them online, so interested parties could presumably solve this with a physical source reference or something. [(link)] Being as I am out of state and not interested enough, will pass on doing it, but placing this on both talk pages as a general FYI of the issue to interested parties. 74.140.37.168 (talk) 04:30, 20 January 2014 (UTC)[reply]

Meh... this may not be a wikipedia "inconsistency" as much as a consequence of the fraud. Part of Belfort and Porush's fraud was misrepresenting the true ownership of various companies, including Stratton Oakmont.

Trying to answer the question of "who founded corporation x," when the certificate of incorporation may say one thing, someone later was convicted on an indictment alleging that the real ownership was different, and someone who testified in the case then wrote a memoir saying a third thing -- its an exercise in metaphysics.

I suggest that both pages, instead of making claims about who actually founded it, instead note the different statements in conflicting sources.

Djcheburashka (talk) 05:02, 28 October 2014 (UTC)[reply]

Good idea here - Someone already modified the Porush page but I went ahead and took care of the Stratton Oakmont page. If there is consensus that both should match, let me know and I can edit the Porush page as well.Aleding (talk) 17:06, 28 October 2014 (UTC)[reply]

Thank you -- and I appreciate your change. While editing the Belfort page, I also came across this: http://www.slate.com/blogs/browbeat/2013/12/31/wolf_of_wall_street_true_story_jordan_belfort_and_other_real_people_in_dicaprio.html which tells yet a third story of the origin of Stratton Oakmont. I'm adding it in.

Every time I google one of the claims on the SO or Belfort pages about non-criminal history of activity, it turns out to be false. I have a working hypothesis that every single thing that Belfort has ever said -- other than that he committed fraud -- is a lie.

Djcheburashka (talk) 03:12, 1 November 2014 (UTC)[reply]

"Largest OTC broker"?

What does that even mean? Most shares traded per day? Most IPOs? Most employees? I do not get it.

The period when SO is supposed to have been the "largest OTC broker" begins within a year of when Belfort took control. He left (if this part is true -- maybe its another lie) Rothschild after Black Monday which was October, 1987. 1987 is when the SEC says SO was already going, and the NASD launched its first attempt to shut SO down by 1989.

SO had no legitimate operation. I've seen this "largest OTC" thing lots of places -- does anyone know what its supposed to refer to?

Djcheburashka (talk) 05:48, 1 November 2014 (UTC)[reply]

Typically largest broker would refer to assets under management, but I’m not sure if AUM is what is being referenced. I’ll do some digging and update the article to clarify “largest by assets under management” if I find anything. Jgalt87 (talk) 13:26, 26 March 2019 (UTC)[reply]