boiler room

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boiler room

A room in which one or more steam or hot-water boilers and associated equipment are located.
References in periodicals archive ?
While praising the movie's realism -- Boiler Room's web site features a glossary of boiler room lingo and writer-director Lyon spent a year on research after attending a boiler room recruiting session -- Skolnik cautions that the film is drama not documentary.
Most boiler rooms don't post that bond and officials don't know they exist, Gok said.
David Mayhew, acting director of enforcement at the FSA, adds: "This is a new money-making scam by boiler rooms.
In a typical boiler room operation the 'brokers' - usually only salespeople with little knowledge of the financial markets - spend their time ringing potential investors across the globe, often making more than 200 calls a day.
Boiler rooms have also been heard of charging a disproportionate commission which has been known to be up to 90 per cent.
And because boiler rooms are based outside the UK, the FSA is usually unable to take direct action to shut them down.
Delivery of solid fuels, including the deposit and settlement in landfills by boiler rooms.
He has been contacted by more than five boiler rooms and has lost over pounds 70,000.
8 Place of execution of the contract: boiler rooms in the premises of the Contracting Authority.
Now phone calls across the Atlantic cost virtually next to nothing, investors are increasingly bombarded by unsolicited calls from those disreputable outfits known as boiler rooms.
Boiler rooms typically consist of unlicensed sales people employing high-pressure techniques to flog potential investors speculative or fraudulent securities.
25 Years Ago Hospitals throughout Birmingham may be closed because a union is threatening to call the first strike of people who work in hospital boiler rooms.