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Non-Tech : Marijuana Stocks

CGC 1.090

-4.8%

3:59 PM EST

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To: atomicnumber31 who wrote (1753)	1/21/2016 12:34:19 PM
From: ayeyou	Read Replies (3) of 3484

Actual definition of boiler room...this should sound really familiar to you guys on BTS... DEFINITION of 'Boiler Room' 'Boiler Room'A broker using boiler-room tactics gives customers only positive information about the stock and discourages them from doing any outside research. Boiler-room salespeople typically use catchphrases like "it's a sure thing" or "opportunities like this happen once in a lifetime". My research also shows that "to the moon" "WEEEEEEEEEEEE!!!!" and KABOOOOOMMM!!! are also commonly used. Boiler-room methods, if not illegal, clearly violate the National Association of Securities Dealers' (NASD) rules of fair practice. The North American Securities Administrators Association estimates that investors lose $10 billion a year - roughly $1 million an hour - to investment fraud promoted over the telephone. Read more: Boiler Room Definition \| Investopedia investopedia.com Follow us: Investopedia on Facebook

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