Investing for Dummies: Avoiding the Boiler Room Pump and Dump

The movie Boiler Room that highlighted the Penny Stock Pump and Dump in graphic detail is still victimizing greedy investors globally until today. In the 70’s and 80’s, stock brokers in Canada used to send out prospectus material on penny stocks which had 80% of the front page used as a disclaimer stating that the broker/firm was to receive 80% or more as a commission from the purchase ...

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