area or room where one or more boilers are located; (Informal) room staffed with unlawful brokers who use high-pressure sales tactics over the phone to sell securities
Cold-calling operation in which hard-sell salespeople peddle questionable stocks Often illegal, and always frowned on by the National Association of Securities Dealers, solicitations from these companies should be avoided
Term often used to describe a brokerage firm or other sales organization where investors are aggressively solicited over the telephone; often associated with high-pressure telephone sales tactics in connection with penny stocks and other risky investments
A boiler room refers to the headquarters of a group of salesmen who cold call investors and use high-pressure tactics to sell dubious investments, usually across state lines Such boiler room operations are illegal and typically stay in operation only a brief period of time before the participants close up shop and disperse An investor should always be reluctant to purchase securities based solely upon information obtained from a previously unknown caller, regardless of the apparent merits of the investment being recommended
A term used to describe a firm using telephone salespeople to peddle securities of lesser quality or penny stocks
A enterprise which often is operated out of inexpensive, low-rent quarters (hence the term "boiler room") that uses high-pressure sales tactics (generally over the telephone) and possibly false or misleading information to solicit generally unsophisticated investors
A crowded, high pressure securities or commodities sales operation often characterized by a high noise level designed to communicate excitement and urgency to customers at the other end of a telephone line
An enterprise which often is operated out of inexpensive, low-rent quarters (hence the term "boiler room") that uses high-pressure sales tactics (generally over the telephone) and possibly false or misleading information to solicit generally unsophisticated investors
An enterprise which often is operated out of inexpensive, low-rent quarters that uses high pressure sales tactics, generally over the telephone, and possibly false or misleading information to solicit generally unsophisticated investors
A blanket term used to describe the place of origin of high-pressure telephone sales techniques, usually involving cold calls to unsuspecting customers who would be better off without whatever is being offered to them
An enterprise which often is operated out of inexpensive, low-rent quarters (hence the term "boiler room") that uses high pressure sales tactics (generally over the telephone) and possibly false or misleading information to solicit generally unsophisticated investors
An enterprise which often is operated out of inexpensive, low-rent quarters that uses high pressures sales tactics, generally over the telephone, and possibly false or misleading information to solicit generally unsophisticated investors