Boiler Room Definition Law

Boiler room is a telephone bank operation in which fast talking telemarketers or campaigners attempt to sell stock services goods or candidates and act as if they are calling from an established company or brokerage.

Boiler room definition law.

In business the term boiler room refers to an outbound call center selling questionable investments by telephone. A boiler room is a scheme in which salespeople apply high pressure sales tactics to persuade investors to purchase securities including speculative and fraudulent securities. Boiler room law and legal definition. Permission to use such boiler or pressure vessel within the jurisdiction.

Often they are totally fraudulent and in violation of security laws. 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. A telephone bank operation in which fast talking telemarketers or campaigners attempt to sell stock services goods or candidates. Often they are totally fraudulent and in violation of security laws.

Definition from nolo s plain english law dictionary. A room equipped with telephones used for making high pressure usually fraudulent sales pitches examples of boiler room in a sentence recent examples on the web after graduating in 1919 calder spent a few years testing out career options among them becoming a merchant marine and working in a ship s boiler room. When a boiler and pressure vessel inspection law is enacted in a jurisdiction the enforcement authority may be confronted with the problem of so administering the law and the rules and regulations that they will not create undue hardship. Usually referring to a business run out of a residence or residential area where telemarketers are hired to sell stock or other goods or services as part of a fraudulent and.

A telephone bank operation in which fast talking telemarketers or campaigners attempt to sell stock services goods or candidates and act as if they are calling from an established company or brokerage. A telephone bank operation in which fast talking telemarketers or campaigners attempt to sell stock services goods or candidates and act as if they are calling from an established company or brokerage.