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We have conducted numerous radio, TV and
newspaper interviews on Internet gambling and
anticipate this type of gambling to explode as
more and more people go on-line.
For those compulsive gamblers who are employed
within the brokerage field other issues need to
be addressed. The disclosure to the employer
that they have a gambling problem in many cases
leads to loss of job and vocation. Blackballing
from the securities field inevitably follows.
Public faith and trust are the foundation of the
securities industry. It is
most important to preserve public confidence.
Therefore, if an employee is discovered having a
gambling problem, it is most expedient to get
rid of them by having them resign or by firing
them.
These employees, as they progress to the
desperate phase of their gambling
addiction,resort many times to illegal activity.
Many have, after borrowing from their banks,
family members, fellow employees, and friends,
resorted to embezzlement. The progression of the
illness continues as he tries to recapture his
losses by gambling more frequently or with
larger amounts. Employers and employee
assistance counselors need to be knowledgeable
about identifying the compulsive gambler and
refer him to treatment. Compulsive gambling is a
treatable illness. Thousands of men and women
with this problem are recovering and are back
into the mainstream of society as better parents
and spouses, more productive and responsible
employees and free from the gambling addiction.
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