FT MarketWatch

Boiler room

An 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.

Related Terms: 16 Call, ECU, Flat, Fraud, FRA, High, Heir, PPO, Pitch, Ratio, Ring, Sales, SEC, Single, Term, Unit
Other Related Pages: Category: Trading Starting With: B
Additional Related Terms: 52-week high, Annuity unit, Asset/equity ratio, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call, All-risks coverage