BNET Business Dictionary
Business Definition for: Boiler Room
- a room from which telemarketers using high-pressure sales tactics, usually by telephone and often using illegal tactics, try to sell financial products or real estate of questionable value
Wiktionary Definition for: Boiler Room
- #A room in a building that houses the boiler(s) and similar equipment.
- #A compartment on a steamship that houses the boiler.
- # colloquial A room full of telemarketers making cold calls.
Additional Resources
- Visa, Mastercard file federal suit against boiler-room telemarketers. (Visa International Service Association) (MasterCard International Inc.)
- Visa, MasterCard file federal suit against boiler-room telemarketers LOS ANGELES UPI -- The world's two largest credit and companies -- Visa and MasterCard -- have filed a federal suit charging that nationwide boiler room telemarking operations haVisa, MasterCard file federal suit against boiler-room telemarketers...
- Research articles 1990-07-09
- Honeywell Developing Computerized Boiler-Room Monitoring System.(Originated from Saint Paul Pioneer Press, Minn.)
- Dec. 28--Boiler room operations soon will leap into the 21st century with a new Honeywell monitoring system called Sysnet. Dec. 28--Boiler room operations soon will leap into the 21st century with a new Honeywell monitoring system called Sysnet.
- Research articles 1995-12-27
- ICSA Registrars Group Issues Shareholder Warning on Boiler Room Scams.
- LONDON, October 5 /PRNewswire/ -- The Institute of Company Secretaries and Administrators ICSA Registrars Group has today produced a warning for use by listed firms after the latest spate of boiler room scams. It was produced to raise awareness LONDON, October 5...
- Research articles 2006-10-05
- Blueprint for success New look, changed attitude cement Boiler Room's place on the nightspot scene.(Time Out!)(On the town)
- Byline: Barbara Vitello Daily Herald Staff Writer What you need to know Name: The Boiler Room, 2 S. Vail Ave., Arlington Heights Area: Northwest suburbs Hours: 8 p.m. to 1 a.m. Wednesday, Thursday and Sunday; 8 p.m. to...
- Research articles 2005-02-18
- Boiler room 2: Manhattan-based brokerage firm
- Maybe it's time for the sequel. In recent days, the NASD formerly known as the National Association of Securities Dealers has filed new charges against two Long Island brokerage houses with principals tied to some of the most infamous penny-stock fraud cases of the past two decades. ...
- Research articles 2003-10-24
- Laos 'boiler-room' linked to Utah
- The U.S. Securities and Exchange Commission has filed a civil lawsuit against 21 people and companies -- several based in Utah or with Utah ties -- it alleges were involved in selling stock to foreign investors through a Laos-based "boiler room." In a complaint filed Thursday in U.S....
- Research articles 2003-10-17
- Well-Known Investment Firms May Be Held Liable for `Boiler-Room' Schemes.
- By Andy Vuong, The Denver Post Knight Ridder/Tribune Business News Apr. 1--When a stockbroker called to hype a tiny Internet start-up whose stock was sure to double, Edward Kurmel took the bait. "It looked like a pretty good deal at the beginning," ...
- Research articles 2001-04-01
- Two Men Behind Nevada Firm Accused of Running Internet Boiler-Room Scam.
- Knight Ridder/Tribune Business News Nov. 2 -- A Westminster man and his business partner raised more than $8.8 million in a boiler-room scam that promised rich returns to investors in an Internet-based company, according to a lawsuit filed by the Securities and Exchange Commission....
- Research articles 1999-11-01
- Movie "Boiler Room" Wins "Thumbs Up" From Top State Securities Cop
- The soon-to-be-released motion picture "Boiler Room" won praise today from the nation's top state securities cop for shining the spotlight on a criminal subculture on Wall Street that has stolen hundreds of millions-perhaps billions-of dollars from investors."[Writer-director] Ben Younger deserves to be commended for...
- Research articles 1970-01-01
- Charges Filed against Alleged 'Boiler Rooms' in Thailand.
- By Nuntawun Polkuamdee, Bangkok Post, Thailand Knight Ridder/Tribune Business News Mar. 10--The Securities and Exchange Commission yesterday filed criminal complaints against six companies and three individuals for operating unlicensed securities operations. The SEC said that from August 2001 to...
- Research articles 2004-03-10
- 'Boiler room' Operators Fined, Jail Suspended in Bangkok, Thailand.
- By Nuntawun Polkuamdee, Bangkok Post, Thailand Knight Ridder/Tribune Business News Jun. 11--The Bangkok South Criminal Court yesterday convicted seven people for operating unlicensed securities businesses. The defendants had been accused of operating "boiler rooms" under such names as The...
- Research articles 2004-06-11
- Westco brand on the boil.
- Dec 03, 2002 (B&T - ABIX via COMTEX) A new television campaign for Westco will be shown initially in Queensland and Western Australia when it goes to air in December 2002. The campaign represents the first work being done by Boiler Room Communications for...
- Research articles 2002-12-03
- NASD Adopts Nasdaq's OTCBB
- It's now official. NASD, a regulator that has closed many a boiler room, said it is going to take possession of Nasdaq's OTC Bulletin Board OTCBB as reported here last month (See Traders Magazine Washington, July). It's now official. NASD, a regulator that has closed many a boiler room,...
- Research articles 2005-08-01
- Annuity Sales: Using A Layered Approach.(Brief Article)
- Sometimes we're just too close to the forest to see the trees. To illustrate my point, I watched a movie that was recently in the theatres called "Boiler Room." A variation on the do-or-die sales theme, the movie portrays stock jockeys for Sometimes we're just...
- Research articles 2000-08-07
- NASD Adopts Nasdaq's OTCBB.(National Association of Securities Dealers)(OTC Bulletin Board)(Brief Article)
- It's now official. NASD, a regulator that has closed many a boiler room, said it is going to take possession of Nasdaq's OTC Bulletin Board OTCBB as reported here last month (See Traders Magazine Washington, July). It's now official. NASD, a regulator that has...
- Research articles 2005-08-01
- Charles Schwab & Co, Omnicom Group's GSD&M, Austin, Texas; "Pep Talk".(Best Awards)(Brief Article)
- With the delightfully visual line of "Let's put some lipstick on this pig," Schwab takes you into the boiler room as a fictitious team leader doles out the stock to push to his minions. "Just don't mention the fundamentals, they stink. With the delightfully visual line...
- Research articles 2003-05-26
- Company accused of bilking thousands, including Utahns
- The U.S. Securities and Exchange Commission has obtained a temporary restraining order against an Orange County, Calif., company it says operated a "boiler room" operation that bilked thousands, including some Utahns, of their money. The SEC alleged that the Carolina Development Co. Inc. and Lambert Vander Tuig and...
- Research articles 2006-02-18
- NASD: NASD regulation sanctions & fines 10 sterling foster brokers for fraudulent sales practices.
- M2 PRESSWIRE-30 March 1999-NASD: NASD regulation sanctions and fines 10 sterling foster brokers for fraudulent "boiler room" sales practices -- orders US$1.1 million restitution C1994-99 M2 COMMUNICATIONS LTD RDATE:290399 Washington, D.C. -- NASD Regulation, Inc., today announced that the use...
- Research articles 1999-03-30
- Thais Risk `Corruption Hub' Status over Australian Investor Group.
- Bangkok Post, Thailand Knight Ridder/Tribune Business News Jul. 24--Lax law enforcement could make Thailand the "global capital" of securities fraud and boiler-room operations, representatives of an Australian investor group have warned. "The executives of Brinton Group are laughing after ...
- Research articles 2002-07-24
- Officials Find Boiler Defect on Norway Cruise Ship.
- By Tom Stieghorst, South Florida Sun-Sentinel Knight Ridder/Tribune Business News Jun. 10--Amid the confusion and debris in the shattered engine room of the cruise ship SS Norway, investigators have what may be a clue to the May 25 boiler accident that killed...
- Research articles 2003-06-10
