# Dampfstube (boiler room)

- Canonical URL: https://www.gerhardmerk.de/dampfstube-boiler-room
- Post ID: 590317
- Modified: 2023-07-25T21:00:22+00:00
- Language: en

## Definition

A - location, usually far away abroad, because permission to do business at home is not available, - from which persons motivated by very high commissions - via telephone, e-mail, forums and also via blogs or networks such as Twitter and Facebook - generally offer dubious financial products and contracts of all kinds not without success (an enterprise that regulary is operated out of abroad, uses high pressure sales tactics, generally goes over social communications networks, and operates with false or misleading information to solicit unsophisticated investors). - The market share of angle brokers was estimated to be about ten percent of all financial transactions in the U.S. in 2005. - See cheap copying, blind pool, blue-sky laws, stock letters, cold calling, darkrooming, representation currency, deuteroscopy, dingo stocks, enablers, explorer stocks, false advice, financial vultures, frontrunning, secret tip, money sucker, money laundering, ghetto banking, glamour stocks, foundation fraud, hawala, high-risk countries, collection agency, Internet forums, price manipulation, make-up, nonvaleurs, offshore financial centers, pump and dump, avenging angels, scalping, shadow banking, sham transactions, underground banking, angle brokers. - Cf. BaFin Annual Report 2006, p. 137 (cold calling in the course of distributing unlisted shares of foreign micro-entities). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

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