Boiler Room Definition Business

Any room in a building often in the basement that contains a boiler for central.

Boiler room definition business.

Meaning pronunciation translations and examples. A site of illegal operation especially the telephone sales of goods or services by charlatans. In business the term boiler room refers to a busy centre of activity often selling questionable goods by telephone it typically refers to a room where salesmen work using unfair dishonest sales tactics sometimes selling penny stock or committing outright stock fraud the term carries a negative connotation and is often used to imply high pressure sales tactics and sometimes poor working. This refers to an operation or place where high pressure sellers utilize banks of phones for contacting lists of likely investors referred to as sucker lists so as to peddle fraudulent and speculative securities.

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. Outfit where salespeople use hard selling often dishonest techniques to peddle often fraudulent offers to unsuspecting prospects referred to as suckers over the phones. A little more on what is boiler. A boiler room is a place or operation usually a call center where high pressure salespeople call lists of potential investors sucker lists to peddle speculative sometimes fraudulent.

Know how to spot one and beware. As a result of high pressure selling it is termed a boiler room. A boiler room may rely on aggressive cold calling to sell risky stocks to willing investors. A boiler room may use sales methods that violate the national association of securities.

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