Boiler room is a term used in Forensic psycholgy that refers to an operation run by one or more stock manipulators who, through deception and misleading sales techniques, seduce the unsuspecting and uninformed public into buying stocks in obscure and often poorly financed corporations.
Other /More definition:
Boiler room refers to an operation run by one or more stock manipulators who, through deception and misleading sales techniques, seduce the unsuspecting and uninformed public into buying stocks in obscure and usually poorly financed corporations.
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