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LSDefine

Simple English definitions for legal terms

boiler room

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A quick definition of boiler room:

A boiler room is a place where people call strangers and try to convince them to buy things like stocks or services. They might lie or trick people into buying things that aren't worth it. They usually target people who don't know much about what they're selling. Some countries have laws to stop this kind of behavior, but some boiler rooms operate in other countries to avoid getting in trouble.

A more thorough explanation:

A boiler room is a type of telemarketing operation where salespeople make unsolicited phone calls to potential investors in order to convince them to invest in a particular stock, service, or product. The salespeople often use deceptive tactics to persuade people to invest, such as making false claims, exaggerating the value of the item, and downplaying the risks involved. They may also pressure potential investors to make a quick decision without doing any research.

For example, a boiler room might call someone and tell them that a certain stock is about to skyrocket in value, even though there is no evidence to support this claim. The salesperson might also tell the person that they need to act quickly in order to take advantage of this opportunity, even though there is no real urgency.

Boiler rooms are illegal in many countries, including the United States. The Securities and Exchange Commission has rules in place to prevent broker-dealers from engaging in deceptive practices, and the Penny Stock Reform Act requires penny stockbrokers to disclose certain information to potential investors. However, some boiler rooms operate outside of the country they are targeting in order to avoid legal consequences.

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19:02
also they didnt give me enough money to justify the cost
Roll Tide
Dkk
19:06
UCI hella liberal and trans. I think you would like it. More liberal than like Berk and UCLA if you can imagine. @Eggan
Dkk
19:06
I did astrophysics for 3 years and hated it. Dropped out of my first college cus of it. @limpweeny
Dkk
19:07
Do not recommend studying physics. Super boring, a lot of math, and most results are not replicable.
Dkk
19:08
Ill say this though. I studied a lot of Otto Hahn and was happy to see him at the start of Oppenheimer. Made a little appearance. Nice tribute.
19:08
@Dkk: i know the makeup of UCI but im not from california and i didn't like how i'd have to be isolated from the labor movement since it's not very close to LA and OC is mostly a bunch of rich people tbh
19:09
i like berk's proximity to san francisco. the bay area is full of surprises when it comes to labor
19:11
thats why i'm mostly centered on cities with major labor activity this cycle (besides chicago) such as NYC, boston DC (where the union headquarters usually are)
19:11
Anyone else hella concerned w the uptick in applicants? Not sure if I can use the LSD data of the past to reference
some dean said they're only expecting 5-15% increase over the whole cycle, still not great, but not 30% like currently
19:15
Ohhh okay thank goodness. I saw +38% and lowk got scared
19:16
That doesn’t seem too bad if they increase class size by a bit 🙏
Dkk
19:23
Ahh that is true but OC Disney Unions. Can always be involved in those. Some of the biggest unions in California. I was part of that for a couple years but my union was corrupt. @Eggan
Dkk
19:24
Berk is definitely more fun. Unions in LA are of course the screen actors guild and then hospitality stuff like restaurants. It will be good wherever you go imo if that is what you are into.
Dkk
19:25
@sadpadresfan: yeah, Spivey said the same thing wasp pointed out. 30% to start to 15% at the end. I think part of it may also be people just want more variety. Maybe a similar amount of applicants but more variety. More waitlist movement potentially this year. Schools fighting harder for people.
@KnowledgeableRitzyWasp: the NU dean. Him and Spivey did a podcast on it.
And if you look at the numbers they're starting to come down. A couple weeks ago we were up 36 percent up, now we're only 26 percent up.
NotJustALawyer
21:03
@texaslawhopefully: if you are trying to do texas law, why not go to UT Austin. Probably better scholarships for you compared to Harvard and its a pipeline. Unless, of course, scholarships don't matter in your case.
i studied hard stem but i just hate being in an actual lab lol
depends on the type of lab work that you do, the only thing i did enjoy doing was bacterial genetics because that shit is super fast and fun, but working in a wet lab is just a lottttt of sitting and waiting around
hence law, lmao
@NotJustALawyer: I'm trying to do an appellate clerkship and the very top schools just have better placement. And yes, I'm still considering UT, but I think with my numbers I can get scholarship money at most of the T14.
Also I made my username before I had my lsat back and then UT was my top choice, but I’ve been somewhat open geographically. I also have ties to Texas so I don’t think it’d be hard to get back here if I left the state for law school.
Dkk
21:52
Deja Vu lol
[] baddestbunny
22:07
GM to the Queens whose titties move when they drive over speed bumps 🥰😘.. To the rest of y'all young men, Jiffy Lube hiring 🤨
Dkk
23:49
I one time knew a big girl who would drive with her tits cus her arms didnt reach the wheel. I always thought she would be good in a comedy about a bak robbery where she was the get away driver.
Dkk wtf man...
She prolly looked bad asf 😍
Dkk
0:59
lmfao
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