General
boiler room
What does boiler room mean?
A sales operation, usually a cramped room of cold-callers working off scripts, that uses aggressive pitches to offload thinly-traded or worthless securities on unsophisticated investors. The house owns the stock, the brokers pump it, and when retail is loaded up, the insiders dump. Made famous on screen by Boiler Room (2000) and The Wolf of Wall Street.
"Stratton Oakmont was a textbook boiler room, hundred guys in a warehouse hammering phones."
Frequently asked questions
What does boiler room mean in finance?
A boiler room is a high-pressure phone-bank operation that cold-calls retail investors to offload dodgy or worthless stock.
How do you use boiler room in a sentence?
"He got roped into a boiler room scam and bought shares in a company that didn't really exist."
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