boiler room
DefinitionAn unflattering term used to describe a fraud scheme in which salespeople are hired to call unsuspecting individuals and push investment opportunities. These high-pressure calls are often used to pitch worthless or nonexistent securities. These operations typically consist only of a large number of telephones in a single room, giving rise to their name.
This content can be found on the following page:
boiler room is ...
... part of the Brokerages and Trading subjects.
... part of the Brokerages and Trading subjects.
Loading...
| |
Get our content on your iGoogle page
RSS