High-pressure sales: The changing face of boiler room 'scams'

In an environment where interest rates on savings and investments have remained low for several years, investors are seeking novel and innovative ways to make their savings work for them. There have always been bright, driven and ambitious individuals on hand to help them to do so. The problem for investors is that, occasionally, they find themselves the targets of a boiler room scam. For a number of years, these scams have been carried out in a particular fashion. Openers make hundreds of initial cold-calls, working through lists of potential targets. They will be tasked with gett...