Boiler Room Meaning Stock

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Boiler room meaning stock.

A boiler room operation uses high pressure sales tactics to cold call clients and then push them to buy risky intransparent penny stocks. Know how to spot one and beware. Meaning pronunciation translations and examples. A boiler room may rely on aggressive cold calling to sell risky stocks to willing investors.

A boiler room is an unflattering term used to describe a place of business where high pressure telemarketing tactics are used to solicit sales. A boiler room may use sales methods that violate the national association of securities. A broker using boiler room tactics gives customers only positive information about the stock and discourages them from doing any outside research. In business the term boiler room refers to an outbound call center selling questionable investments by telephone it usually refers to a room where salespeople work using unfair dishonest sales tactics sometimes selling penny stocks private placements or committing outright stock fraud the use of falsified and bolstered information along with verified company released information is.

Boiler room is a 2000 american crime drama film written and directed by ben younger and starring giovanni ribisi vin diesel nia long ben affleck nicky katt scott caan tom everett scott ron rifkin and jamie kennedy the film was conceived when screenwriter ben younger interviewed for a job at brokerage firm sterling foster.