| Number | 21619 |
| Subject | Stocks And Bonds |
| Source | St. Louis Post-Dispatch |
| State | Missouri |
| Year | 2004 |
| Publication Date | June 13-15 |
| Summary | This investigative story by the St. Louis Post-Dispatch looks at the power of the "boiler room" brokers who sell "stock in obsure U.S. companies" to foreign investors at a markup price. These companies, which sometimes operate with just a phone number and a Web site, eventually pack up and leave the investors holding on to useless and unattractive stock. According to the questionnaire, the investigation "explained how scarce resources, juisdictional questions and other obstacles have prevented American and foreign regulators and law-enforcement officials from shutting down the rings, or even putting a serious dent in their business." |
| Category | Contest Entry |
| Pages | 34 |
| Keywords | boiler rooms;Securities and Exchange Commission;National Association of Securities Dealers |
| Related Links | |
| Related Video | |
| Contest Questionnaires | Only members can download contest entry questionnaires! Log in to get access. |
| Ordering info | Want to place an order? Email us or call us at 573-882-3364 (Stories are only available to members of IRE. For membership information, please refer to our membership page) |