Bucket Shop

You may think a bucket shop is simply somewhere you buy cheap airline tickets. It's originally an American expression for a gambling den and in stockmarket terms that's something much less palatable.

A bucket shop, is also sometimes called a boiler room, ie. a share-broking business run by somebody who isn't member of the stock exchange and is likely to be an out-and-out criminal.

It exists to push worthless or even non-existent shares to unsuspecting mug punters (the public). These companies will invariably fail; or fail to fulfil their claimed potential. The Internet is a fertile ground for such conmen (and conwomen)

Avoid at all costs!

See Also: Online share dealing service Stockmarket Centre

Last Updated: May 2007 © Moneyextra.com

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