House Stock Scam
The term bucket shop is now applied to any fraudulent stock-selling operation such as a boiler room, which has an undisclosed relationship with the company being promoted or undisclosed profit from the sale of house stock being promoted. A bucket shop promotes (via telephone or email) thinly traded or even fraudulent investments.
Read more about this topic: Bucket Shop (stock Market)
Famous quotes containing the words house and/or stock:
“If a man can write a better book, preach a better sermon, or make a better mouse-trap, than his neighbor, though he build his house in the woods, the world will make a beaten path to his door.”
—Ralph Waldo Emerson (1803–1882)
“Death and life were not
Till man made up the whole,
Made lock, stock and barrel
Out of his bitter soul,”
—William Butler Yeats (1865–1939)