"Boiler Room" investment sales

"Boiler Room" investment sales

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Can anyone comment on aggressive selling of investment products out of the US into the UK & Ireland? I have encountered a certain amount for several years but it seems to be growing in an inverse relation with the Nasdaq Composite.

Interested in the prevalence of this. Interested in its regulation as I sense neither SEC nor FSA can quite get an arm around it. Interested in your experience of that portion which crosses the line from merely obnoxiously aggressive selling of legitimate investments to the promotion of inappropriate or illegitimate investment products.

Thank you very much for your consideration -- D H Smith, Morristown NJ USA, 1-201-406-2626 or [email protected]
D H Smith

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By AnonymousUser
12th Feb 2003 18:30

Thank you Edward
I've been known to play a little cricket. Where do you get a match on hereabouts?

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By AnonymousUser
11th Feb 2003 23:39

they try to get itoff you.
live in mid-new jersey so glad to help a fellow ex-pat!

some two years ago sent for brochure, or rather it was sent to me, from two home name investment firms.

bottom line after reading through most of them, the offer several options on how to loose everything - examples -

taking second mortgages on your home, with their money, to be able to buy the certain million dollar making investment of the lifetime.

credit offerings to be able to do the sameagain with their money.

such as these in the highlight of the text.

i did not read all the fine print at the end but nrrdless to say after three paragraphs, i had read enough.

if you are looking for practical appliers of investment regulation you might want to look up in the new jersey government law report section and find out how a man naed brennan got himself in trouble promoting penny shares. billion dollars he made, billion dollars he has lost except what he has managed to hide which is no doubt plenty to spend on release from several years in jail.

multi-million dollar property/horse farm in colts neck, 30 minutes from here was his, everybody had to know about it! now not his.

new jersey web site should put you in touch with regularity authorities and consumer guidance, etc. if asked.

quite a lot of brits around here recruited from london working in financial firms in new york inc. previously in the twin towers. down the road is a brit who was on 40th floor of the second tower when that went up. unhurt but all but four on the 81st floor where the office was never saw daylight again. he was one of the few that was, physically, unhurt. so good for a game of rugby. a lot played in n.j.

if a cricketer, let me know.

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