Jordan Belfort, the former stockbroker and convicted felon, weighed in Saturday night on last week’s GameStop-WallStreetBets-Robinhood saga.
Belfort, whose rise and fall on Wall Street …
Jordan Belfort, the former stockbroker and convicted felon, weighed in Saturday night on last week’s GameStop-WallStreetBets-Robinhood saga. Belfort, whose rise and fall on Wall Street was documented in the 2013 Martin Scorsese movie, « The Wolf of Wall Street, » starring Leonardo DiCaprio, shared his observations during an appearance on Fox News’ « Watters’ World, » with host Jesse Watters. Watters asserted that moves by Wall Street giants to convince retail trading platforms like Robinhood to halt trading on puny stocks like GameStop — that « average Joe » investors had sent soaring via the Reddit community WallStreetBets– was likely illegal. « I think it goes beyond that, » Belfort agreed – and warned the implications could be fatal for Robinhood.
