Released in 2000, Boiler Room tells the story of Seth Davis (Giovanni Ribisi).

Seth is only 19 years old.  He’s the son of a federal judge and he’s also a college dropout.  Seth is making a pretty good living for himself, running a casino out of a house near the campus.  One night, a handsome 20something named Greg Weinstein (Nicky Katt) stops by and tells Seth that he could be making an even better living for himself as a broker at J.T. Marlin.

Located somewhere in Long Island, J.T. Marlin is a brokerage firm that is dominated by loud and young men.  Overseen by the ruthless Jim Young (Ben Affleck, doing the glorified cameo thing), J.T. Marlin is a place where everyone owns an expensive car, an expensive watch, and where everyone brags about how much money they’ve made.  The insults and slurs fly from desk to desk, as they tend to do whenever a bunch of wealthy, highly competitive guys get together.  J.T. is seduced by the atmosphere, even as he watches some broker breaks down due to the pressure.  He becomes friends with Chris Varick (Vin Diesel) and falls for receptionist Abbie Halpert (Nia Long), who just happens to be Greg’s ex-girlfriend.  Eventually, Seth gets good at his job.  Unfortunately, it turns out that his job is centered around tricking people into investing in a pyramid scheme and eventually, one of Seth’s clients, Harry (Taylor Nichols), ends up broke and without his family.  The guilt-stricken Seth realizes that he has a conscience.

Like a lot of these type of movies, Boiler Room is at its best when it starts, when it’s all about tough talk, rude jokes, and obsessive competition amongst a bunch of well-dressed good-looking guys.  Nicky Katt and Vin Diesel are so much fun to listen to that it’s hard not to regret that the entire film wasn’t just about them.  Things become significantly less interesting once the FBI shows up and Seth decides to become a snitch.  For the most part, no one like a snitch, even if they’re motivated by the purest of intentions.  To make a snitch likable, he has to be a truly compelling character, like Henry Hill in Goodfellas.  For the most part, audiences prefer anti-heroes who go down with the ship as opposed to the rats who jump into the first lifeboat they see.  In The Wolf of Wall Street, Jordan Belfort agrees to wear a wire but then slips his business partner a note, warning him.  That’s one of the reasons why The Wolf of Wall Street is still a classic while Boiler Room has been largely forgotten.  As a character, Seth just isn’t compelling enough to pull off the snitch act.  Nor does he really seem clever enough to pull off what he does at the end of the film.

That said, I do enjoy Boiler Room.  It’s largely due to the cast.  Nicky Katt, Vin Diesel, Scott Caan, Giovanni Ribisi, they were all young, energetic, and eager to show off what they could do.  While their characters competed to see who could make the most money, the actors competed to see who could steal the most scenes.  The film is ultimately only so-so but that cast is unforgettable.