The social freedoms you enjoyed before joining the rat race take a hit once you’re working for The Man. Unfortunately for singles, this can be hazardous for your dating life. For busy professionals, the idea of “finding someone” might seem like a daunting task.
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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. ASIC last week announced plans to ban contracts for difference, along with similarly complex and risky binary options.
The Australian Securities and Investments Commission is aware of the potential marketing abuses and pressure sales but is primarily targeting the attributes of the product, such as leverage and margin exposure. The regulator also last week announced plans to ban contracts for difference, along with similarly complex and risky binary options. The products are also backed by sophisticated investors who claim the issue is educating investors to the potential risks of the products, rather than banning, or radically reducing leverage.
The number of investors and brokers has soared in the past two years as Australia became a regional centre for contract for difference across the region, including China where the products are banned. Confidential market analysis provided to The Australian Finance Review reveals male investors claim women introducers described themselves as wealthy investors who had made lots of money trading in the products and encouraged them to set up accounts, trade and made trade recommendations.
Other popular introducers include taxi drivers. The investors claimed they were pressured into depositing more money and continue trading even after suffering high losses. Some claim they have been encouraged to use their superannuation to top up gaming accounts. Other incentives being used include free gifts, such as a tablet computer, on the condition that investors take a prescribed number of CFD positions, which can lead to more frequent trading and heavier losses. Some brokers offer bonus credits to existing investors who have received a margin call — which is a demand by a broker that an investor deposit further cash or securities to cover possible losses — to encourage them to continue trading.
The credits are rebates of the spread fees, which the broker charges the investor, and are made on the condition clients top up their deposits. Brokers range from global giants, like IG Group, which is listed on the London Stock Exchange, to local traditional brokers that have expanded into more lucrative derivatives, and small start-ups, many of whom are servicing the booming Asian market.
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While the variety of dating apps and sites continues to expand, one thing remains the same: the importance of building trust when dealing with private and.
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Home Personal Finance. Single people treat online dating like fantasy football? they keep trying to date out of their league. By Kari Paul. Comment icon.
View Page. Led by millennials, online dating websites and apps are growing in popularity. The industry is moving fast and providing new ways for people to meet, date, hookup, and even find their soul mate. Additionally, the dating market is filled with a wide range of special niches and features, such as matching women with bearded men, and filtering matches solely among university-educated people. While the variety of dating apps and sites continues to expand, one thing remains the same: the importance of building trust when dealing with private and sensitive client information.
Even as the use of digital dating becomes more standard, not everyone is comfortable with admitting they use a dating network. With many options available right at their fingertips, users may quickly divert to another dating site if they believe their trust has been broken. Online dating, in particular, puts people in a vulnerable position, as they are often encouraged to reveal as much of themselves as possible. More dating users are being conned on dating sites and apps, reported the UK paper Independent.
At the same time, certain dating networks blindly aim to increase user base, without guarding against potential threats, as we experienced when Match.
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