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

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