JUNE 16 — One former financial broker knows at least two financial instrument brokers who play the “sex for contracts” game: They get into the sack with corporate clients even though they have more-than-generous expense accounts with which to woo these clients.
With each swap going for an average of tens of millions of dollars, the payouts are temptingly high for those who manage to clinch the trade, the 35-year-old told TODAY. But with very little to differentiate the services of one brokerage from another, some women brokers resort to sleeping with traders who may then pay them bigger commissions if they are happy with the “service”, he said, describing the practice as “rife” within the profession. Full story
