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A stockbroker sells or buys stock on behalf of a customer.

The stockbroker works as an agent matching up stock buyers and sellers.

It typically refers to a room where tele-marketers work, often selling stocks, and using unfair, dishonest sales tactics, sometimes selling fraudulent stocks.

The term carries a negative connotation, and is often used to imply high-pressure sales tactics and sometimes, poor working conditions.

The boiler room usually holds a large position in the stock and plans to dump it on brokerage clients at a high price.

The boiler room usually has close ties to or the same owners of the company whose stock is being promoted.

The term is a fitting analogy due to the secretive nature of these firms, the connections with the company they are promoting and the high-pressure nature of their activities.

Finding the right stockbroker is an important decision. A stockbroker invests in the stock market for individuals or corporations.



A number of firms rose to prominence over that time with the top-ranked brokerages in the early 1950s being: Since the 1980s stockbroking firms have also been allowed to be market makers as long as the appropriate Chinese walls are put in place.If you receive a call offering you shares at what seems an unfeasibly good deal (e.g., an imminent IPO which will cause the price to 'go through the roof'), then you are probably being contacted by a boiler room.These are typically not registered with the FSA and could be in a foreign country where fraud laws are lax.Some traits of a boiler room include presenting only good news about the stock to be sold, and discouraging outside research by customers or brokers working there.

The term is likely to have originated from the cheap, hastily arranged office space used by such firms, often just a few desks in a the basement or utility room of an existing office building.Roles similar to that of a stockbroker include investment advisor, financial advisor, and probably many others.


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