Blue Skies And Boiler Rooms

Blue Skies And Boiler Rooms Describes The Evolution Of The Securities Market In Canada, From The Onset Of Trading, Through The Boom Of The s And The Depression Of The s, To The Outbreak Of The Second World WarThe Book Documents The Problems Of Fraud, Misrepresentation, And Manipulation Of Prices, Which Plagued The Securities Industry From The Outset And Which Eventually Led To Market Regulation, First By The Stock Exchanges And Later, After The First World War, By GovernmentsSome People Argued That Regulation To Prevent Abuses Should Be Modelled On The American ?blue Sky? Legislation, So Named After The Promises Of Smoothtalking Con Men In Flybynight Operations Who Victimized The Unwary With Sales Pitches Offering Shares In Virtually AnythingEven ?the Blue Sky Above.? Such Legislation Became Necessary As Shady Types Marketed Shares Of Doubtful Value Through ?boiler Rooms,? Which Used Highpressure Mail And Telephone Selling Methods To Separate People From Their MoneyThis Is ATale Well Told, With ASplendid Cast Of Crooks And Raffish CharactersIt Is Also An Indepth Study Based On Extensive Primary Research That Captures The Distinctiveness Of The Development Of The Canadian Securities MarketArmstrong?s Book Shows That Today?s Brex Saga Is Only The Latest In ASeries Of Episodes In Which Investors Have Fixed Their Hopes For Quick And Easy Profits On Speculative Mining StockIt Will Be Welcomed By Students And Scholars Of Financial, Business, And Economic History. 
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