Boiler Room is a 2000 fictional drama film which was written and directed by Ben Younger. The film had an initial budget of $26 million and grossed $28.7 million. While the gross revenues were not too impressive, the film has developed a cult following and it is well regarded as giving a look at the world of fraudulent investment brokerage firms.
Cast
Boiler Room stars Giovanni Ribisi, who portrays Seth Davis. The cast is loaded with Hollywood stars, many of which were relatively unknown at the time the movie was filmed.
Cast members include Vin Diesel, Ben Affleck, Nia Long, Scott Caan, Tom Everett, and Jamie Kennedy.
Plot Summary
Boiler room takes place in New York City where at the beginning of the film, college dropout Seth Davis is running an underground casino which is visited largely by local college students. Davis, who seems more interested in get rich quick schemes than hard work, is suddenly approached by a friend who works for an investment brokerage firm named JT Marlin. To gain his father’s respect, Davis takes the position with the brokerage firm.
At first, Davis is amazed by the high intensity work environment and is in awe of his fellow brokers who seem to be very wealthy and fun loving. Davis experiences immediate success within the firm and is instantly accepted among his peers.
Eventually Davis realizes that the firm is taking advantage of their clients by creating an artificial market for defunct companies. Davis realizes once the firm is done selling the stock to their clients (and receiving lofty commissions), the investors are left holding stock for a defunct company and that the stock ultimately plummets to zero.
While Davis is planning his exit from the company, he is approached by the FBI who asks him to help bring down the firm. Davis agrees to help the firm and during his exit he does everything he can to get one of his client’s money back. Davis, who is the son of a federal judge, also pleads to keep his father’s name out of the newspapers which ultimately wins the respect of his father.
As the films ending credit roll, the FBI can be seen entering the JT Marlin parking lot ready to arrest everyone on site.
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