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Nia Long, Giovanni Ribisi, Scott Caan, Vin Diesel, and Nicky Katt in Les initiés (2000)

Review by bhubert

Les initiés

9/10

It rings very true...

This film rang very true with me. A few years ago, when I was in New York doing my training for a major, reputable, investment firm I met a bunch of guys from one of these Boiler Rooms. They were out celebrating a big month by one of the new brokers and they were certainly as loud and obnoxious as the movie characters. After telling them that I was also a stockbroker, they told me about some of their telephone tactics, all exactly like the ones used in the movie. They would do things like call people and tell them they had called before -- even if they never had. They also had the list of canned responses as referenced in the film, i.e. "I need to talk to my wife about this." "At your job you make business decisions everyday, think of this investment as a business decision." The name of their company even sounded like a legitimate firm -- just like the one in the movie. Obviously, the writers of this film spent some real time in the brokerage world to see just how these bucket shops operate. I highly recommend this movie -- and if you're a broker -- you should probably show it to your clients because like they said in the movie -- lots of people do trade with these guys even if they have a hometown broker.
  • bhubert
  • Jun 27, 2000

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