An unflattering term used to describe a fraud scheme in which salespeople are...
A boiler room is a share brokerage firm that uses aggressive tactics to sell risky, and sometimes falsified, shares to willing investors. Boiler rooms often use sales methods that violate Sebi rules requiring brokers to recommend investments that are appropriate for each investor's portfolio. For example, a broker working in a boiler room might try to sell very speculative share to retired investors whose portfolios cannot tolerate such high risk. Many boiler room brokers may also try to create investor interest in companies that don't actually exist in order to profit from the sale of fraudulent shares.
Used to describe place or operation in which unscrupulous salespeople call and try to sell people speculative, even fraudulent, securities.
an enterprise that uses high pressure sales tactics, false or misleading information, and scare tactics, generally over the telephone, to sell overpriced or worthless investments to unsophisticated investors.
a business that attempts to peddle worthless shares to unsuspecting investors
a high pressure sales operation where misleading scripted presentations are used to sell securities at inflated prices for excessive commissions
a stock brokerage firm that uses aggressive tactics to sell risky, and sometimes falsified, stocks to willing investors
Cold-calling operation in which aggressive salespeople peddle unknown or little-known securities of debatable stability and legitimacy. Many of these operations work on scripted sales pitches, not unlike telemarketers.
A place where unscrupulous salespeople sell speculative or worthless stock to unwitting investors.
A room primarily utilized for the installation of a boiler.
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.
Boiler Room is a 2000 U.S. drama, written and directed by Ben Younger, and starring Giovanni Ribisi, Vin Diesel and Nia Long. Other characters in the film were played by Ben Affleck, Nicky Katt, Scott Caan, Tom Everett Scott, Ron Rifkin and Jamie Kennedy.
The term boiler room in business refers to a busy center of activity, often telemarketing or other types of sales. It typically refers to a room where tele-marketers work, often selling stocks, and using unfair, dishonest sales tactics, sometimes selling fraudulent stocks. The term carries a negative connotation, and is often used to imply high-pressure sales tactics and sometimes, poor working conditions.
