Boiler Room Meaning Stock

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.

Boiler room meaning stock.

Any room in a building often in the basement that contains a boiler for central. A broker using boiler room tactics gives customers only positive information about the stock and discourages them from doing any outside research. A boiler room may use sales methods that violate the national association of securities. A boiler room operation uses high pressure sales tactics to cold call clients and then push them to buy risky intransparent penny stocks.

Younger said i walked in and immediately realized this is my. 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. Know how to spot one and beware. Understanding a boiler room.

A boiler room is an unflattering term used to describe a place of business where high pressure telemarketing tactics are used to solicit sales.