Boiler room

{
  "id": "MLC-T-LAW-000756",
  "term": "Boiler room",
  "field": "Law",
  "definition": "A fraudulent operation that uses high-pressure sales tactics to sell speculative or worthless securities to unsuspecting investors. Salespeople in these operations work from a central office, making unsolicited calls to a list of potential targets, using deceptive and misleading information to create a sense of urgency and promise high returns. These schemes are illegal and are prosecuted as securities fraud by agencies like the Securities and Exchange Commission (SEC).",
  "url": "https://mlchart.com/terminology/law/boiler-room/"
}