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: Bucketeer
Famous quotes containing the words house and/or stock:
“We all live in a house on fire, no fire department to call; no way out, just the upstairs window to look out of while the fire burns the house down with us trapped, locked in it.”
—Tennessee Williams (1914–1983)
“And anyone is free to condemn me to death
If he leaves it to nature to carry out the sentence.
I shall will to the common stock of air my breath
And pay a death tax of fairly polite repentance.”
—Robert Frost (1874–1963)