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About: Boiler room (business)     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatEthicallyDisputedBusinessPractices, within Data Space : dbpedia.org associated with source document(s)

Type: yago:Abstraction100002137yago:Act100030358yago:Activity100407535yago:Event100029378yago:Practice100410247yago:PsychologicalFeature100023100yago:YagoPermanentlyLocatedEntityyago:WikicatEthicallyDisputedBusinessPractices New Facet based on Instances of this Class

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 or private placements or committing outright stock fraud. A common boiler room tactic is the use of falsified and bolstered information in combination with verified company-released information. The term is pejorative: it is often used to imply high-pressure sales tactics and, sometimes, poor working conditions.