18/02/2019 4:06:00 18/02/2019 4:06:00 Defmean

18/02/2019 4:06:00 Boiler Room Boiler Room

Boiler Room

What is Boiler Room?

Boiler Room meaning An enterprise that 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.

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary