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Stratton Oakmont information


Stratton Oakmont Inc
Company typeBrokerage house
IndustrySecurities
Founded1989
FoundersJordan Belfort
Danny Porush
DefunctDecember 1996
Headquarters1979 Marcus Avenue, Lake Success, New York, US
Area served
United States
Key people
  • Jordan Belfort (CEO), Andrew Greene, Steven P. Sanders, Victor Wang, Scotty Gelt
  • Danny Porush (Chairman and President)
Number of employees
1,378

Stratton Oakmont, Inc. was a Long Island, New York, over-the-counter brokerage house founded in 1989 by Jordan Belfort and Danny Porush. It defrauded many shareholders, leading to the arrest and incarceration of several executives and the closing of the firm in 1996.

Section 230 of the Communications Decency Act was created in response to Stratton Oakmont, Inc. v. Prodigy Services Co..

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Stratton Oakmont

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Stratton Oakmont, Inc. was a Long Island, New York, over-the-counter brokerage house founded in 1989 by Jordan Belfort and Danny Porush. It defrauded many...

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Danny Porush

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helped run a pump and dump stock fraud scheme in the 1990s at the Stratton Oakmont brokerage in collaboration with Jordan Belfort. In 1999, he was convicted...

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Jordan Belfort

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Belfort founded Stratton Oakmont as a franchise of Stratton Securities, then later bought out the original founder. Stratton Oakmont functioned as a boiler...

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Pump and dump

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cryptocurrency exchanges. In the early 1990s the penny-stock brokerage Stratton Oakmont artificially inflated the price of owned stock through false and misleading...

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Nadine Macaluso

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previously been married to Denise Lombardo, ran the brokerage house Stratton Oakmont. They married in 1991. She and Belfort had two children. The couple...

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Steve Madden

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closely entangled with Long Island "pump and dump" brokerage house Stratton Oakmont, cofounded by Madden's childhood friend Danny Porush, who first lent...

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Section 230

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thus not liable for libelous content posted by users. However, in Stratton Oakmont, Inc. v. Prodigy Services Co., the court concluded that because Prodigy...

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Microcap stock fraud

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a cold-caller for the Stratton Oakmont brokerage house, which was shut down by regulators in the late 1990s. Stratton Oakmont was run by Jordan Belfort...

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Edward Herrmann on screen and stage

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Voice, Short 2013 Are You Here Dr. Vincent The Wolf of Wall Street Stratton Oakmont Commercial Voice 2014 The Town That Dreaded Sundown Reverend Joe Cartwright...

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List of Jewish American businesspeople in finance

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Stearns Jordan Belfort (born 1962), former stock broker, founder of Stratton Oakmont Rebecka Belldegrun (born 1950), Finnish-born investor, CEO of BellCo...

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Backpage

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The enactment of this portion of the CDA overturned the decision in Stratton Oakmont, Inc. v. Prodigy Services Co. in which Prodigy was deemed by the court...

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Penny stock

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Stuart-James. Major penny stock brokerages operating in the 1990s included Stratton Oakmont, Sterling Foster, A.S. Goldmen, and Hanover Sterling. In the United...

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Ira Sorkin

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as a partner. Among many clients in his career, Sorkin represented Stratton Oakmont and Jordan Belfort ("Wolf of Wall Street"). Between 1991 and 1996,...

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Algorithmic radicalization

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the first place, and that prior to its passing, courts had ruled in Stratton Oakmont, Inc. v. Prodigy Services Co. that moderation in any capacity introduces...

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Human rights in cyberspace

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not be liable for the content posted on its bulletin. However, in Stratton Oakmont, Inc. v. Prodigy Services Co. the New York Supreme Court held that...

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Wall Street

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a dark comedy about Jordan Belfort, a New York stockbroker who ran Stratton Oakmont, a firm from Lake Success, New York, that engaged in securities fraud...

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EARN IT Act

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seeing news of a pair of lawsuits, Cubby, Inc. v. CompuServe Inc. and Stratton Oakmont, Inc. v. Prodigy Services Co., which ruled very differently for two...

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United States defamation law

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claim of libel but had awarded damages for emotional distress. After Stratton Oakmont, Inc. v. Prodigy Services Co., 1995 N.Y. Misc. Lexis 229 (N.Y. Sup...

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