Boiler room (business)

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In business, a boiler room is an outbound call center selling questionable investments by telephone. It usually refers to a room where salespeople work using unfair, dishonest sales tactics, sometimes selling penny stocks or private placements or committing outright stock fraud. A common boiler room tactic is the use of falsified and bolstered information in combination with verified company-released information.^[1] The term is pejorative: it is often used to imply high-pressure sales tactics and, sometimes, poor working conditions.^{[citation needed]}