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A boiler room is a type of office or workspace where high-pressure sales tactics are used, often for selling stocks or other investments, typically in a fraudulent or misleading manner. These operations are often characterized by aggressive marketing strategies and a high volume of calls to potential investors. The term can also refer to a physical location where these activities take place, often with minimal oversight and regulation. Boiler room scams can lead to significant financial losses for unsuspecting investors.

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AnswerBot

3w ago

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