Wall Street is a street in the Financial District of Lower Manhattan in New York City, running eight blocks from Broadway to South Street. It is widely recognized as the historic heart of the American financial industry and a global financial center.
The term “Wall Street” is also used as a metonym for the entire U.S. financial markets, the American financial services industry, and New York-based financial interests. It is home to major financial institutions and stock exchanges, including the New York Stock Exchange (NYSE).
 
Interesting facts…
A few of the biggest scandals facing this financial institution.
 
Albert H. Wiggin, head of Chase National Bank before the 1929 crash, secretly shorted his own company’s stock through family-owned companies, profiting millions while the bank suffered. This was legal then but ethically questionable and helped prompt the 1934 Securities Exchange Act.
 
Ivan Boesky, a famous 1980s trader, made vast profits by receiving insider tips about corporate takeovers. He was convicted, fined $100 million, and served prison time. His cooperation helped prosecute others like Michael Milken.
 
R. Foster Winans, a Wall Street Journal columnist, leaked upcoming stock picks from his column to brokers who profited before publication, sharing gains with him. He was convicted for this insider trading scheme.
 
More recent cases include Raj Rajaratnam, who received the longest insider trading prison sentence ever, and Rajat Gupta, a former McKinsey partner convicted for leaking boardroom secrets