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Dating apps used to seduce gullible investors

Dating apps used to seduce gullible investors

collapsedsquid:

Women are being paid big commissions to use online dating sites to seduce gullible men into trading highly leveraged financial derivatives with the promise of friendship or romance, according to confidential analysis of pressure sales techniques.

Brokers are spending more than $280 million a year on introducers, such as women using social media sites and messaging services, to lure punters into complex financial products called contracts for difference that are typically leveraged 200 to 500 times.

That’s more than double the amount spent by the nation’s entire gaming industry on promotion and is in addition to about $130 million spent by the derivative brokers on traditional advertising.

Tagged: 2019