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Backstage Wall Street: An Insider's Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments by Joshua M. Brown

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BROKER-TO-ENGLISH DICTIONARY

A brief list of terms that will help you to enjoy this book.

Boiler room: A nonreputable brokerage firm that uses high-pressure telephone sales tactics, scripts, and an uneducated, amoral workforce to push dubious securities. The boiler room brokerage era saw its peak in the early to mid-1990s as the firms made markets in manipulated stocks and made secret payments to the brokers who pushed them.

Usage: “That firm is a real boiler room; all the brokers do is pitch penny stocks they make markets in.”

Boutique: A term with two different meanings on The Street. Sometimes it is used to describe a firm that only services the wealthiest investors in the nation. Other times it refers to a firm that has a specialty or a specific ...

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