The second principle is did the distribution arise from the operation of free consent, people buying and trading on the market?

第二条原则，财富的分配是否,基于自由达成的交易，基于自由市场的买卖？

耶鲁公开课 - 公正课程节选

Those are institutions that arrange for or manage the buying and selling of financial assets, such as the New York Stock Exchange.

经纪机构是指那些安排或,管理买卖的,金融资产的机构,比如说纽约股票交易所

耶鲁公开课 - 金融市场课程节选

The reason they call them boiler rooms is, if you are selling stocks by telephone there's no reason to rent a nice office, so you get the cheapest -so you put a whole bank of telephones in the cheapest place.

它之所以被叫做锅炉房是因为,如果通过电话进行买卖交易,你没有必要去租一间漂亮的办公室,于是你租了最便宜的出租房,然后在那儿放满电话

耶鲁公开课 - 金融市场课程节选