boiler room

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Boiler room

Used to describe place or operation in which unscrupulous salespeople call and try to sell people speculative, even fraudulent securities.

Boiler Room

Informal; a place where workers make unsolicited telephone calls to completely unknown persons in an attempt to convince them to invest in a particular venture. Boiler rooms are controversial and some jurisdictions have put in place laws limiting their legitimate use. In any event, the term has a negative connotation; one often hears of boiler rooms in the context of shady and perhaps illegal investments.

boiler room

An area in a sales operation in which are located personnel who are engaged in contacting prospective buyers, usually by telephone, and in using high-pressure tactics to sell securities. These operations are associated with high commissions and unethical practices.

Boiler room.

A boiler room is a location used by con artists to contact potential victims out-of-the-blue -- an approach known as cold calling -- in an attempt to sell high-risk investments that may or may not be legitimate.

Boiler room scammers typically use high-pressure tactics to close an immediate sale and are unwilling to provide written information about either the investment they are pushing or themselves.

boiler room

A lead-generating system usually characterized by large groups of people working in cubicles making cold calls to consumers in order to gauge interest in real estate investments,insurance products, refinance offers, or any number of other products.The leads are then sold to professionals for follow-up. Sometimes,the boiler room operation also engages in high-pressure sales techniques, which has lead many states to pass legislation allowing a cooling off period within which to reject and void any contracts entered into as a result of such tactics.

References in periodicals archive ?
The awards will take place at the Boiler Shop on September 28.
Acquisition and installation of technical means for the boiler shop of Bourges site DGA TT.
The recruitment of students has been under way for several months, with a recent largescale event held at Boiler Shop, on the Stephenson Quarter, for the first intake.
Capacity crowds have already enjoyed a bit of Bongo's at Boiler Shop numerous times this year, with the most recent just a few weeks ago, and ahead of its latest sell out date on Friday, August 18, organisers have announced two new dates.
Charities, voluntary organisations, social enterprises and businesses are encouraged to enter by 3pm on Friday, August 11, before the winners are crowned at a glittering awards night at Newcastle's Boiler Shop on September 28.
In a boiler shop, installation of a boiler set and auxiliary equipment is underway.
Mr Harrison, who is managing partner of True Potential LLP, was named as Entrepreneur of the Year at the event, held at the Boiler Shop in Newcastle.
The awards ceremony will take place on Thursday, November 16, 2017 at The Boiler Shop in partnership with Crowne Plaza Newcastle, Stephenson Quarter.
This year's event takes place at the Boiler Shop in Newcastle's Stephenson Quarter on September 28.
The event kicked off yesterday with a launch at Newcastle's Boiler Shop and will be followed by a series of talks from experts in all areas of business taking place around the city over the next four days.
Contract notice: Acquisition and implementation of technical means of production for the boiler shop site bourges dga tt
Last night's North East Charity Awards at The Boiler Shop.