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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. Stratton Oakmont was the largest OTC firm in the country during the late 1980s and 1990s. The firm was responsible for the initial public offering of 35 companies, including Steve Madden Ltd., Hemesphere Biopharma, Dualstar Technologies, D.V.I. Financial, Paramount Financial, M. H Meyerson & Co., Czech Industries, M.V.S.I. Technology, Questron Technologies, and Etel Communications.
Alabama Securities Commissioner Joseph Borg pushed the formation of a multi-state task force which eventually led to the prosecution of Jordan Belfort after his office was inundated with complaints regarding the brokerage.
The Wolf of Wall Street is a biographical black comedy about Jordan Belfort and the investigation into the firm, directed by Martin Scorsese. Leonardo DiCaprio stars as Jordan Belfort and Jonah Hill plays fictional character Donnie Azoff, who is based on Danny Porush. The firm also inspired the film Boiler Room.
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