Meaning of “boiler room” in the English Dictionary

"boiler room" in British English

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(Definition of “boiler room” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"boiler room" in Business English

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boiler roomnoun [ C ]

uk us also boiler shop disapproving FINANCE, STOCK MARKET

a small organization that illegally sells shares of very little or no value. People who work for boiler rooms use dishonest or unpleasant methods to persuade customers to buy shares:

Agents infiltrated a so-called "boiler room" where illegal forex contracts were being traded.

(Definition of “boiler room” from the Cambridge Business English Dictionary © Cambridge University Press)