• 12 Feb 2010 at 1:45 PM

John Thomas Financial CEO, Defender Of Equal Rights For Wall Street, Most Likely Has Another Issue He’d Like To Address

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Picture 143.pngA few weeks ago, John Thomas Financial CEO Thomas Belesis demanded respect for a group of people, the denizens of Wall Street, who, while labeled “different” from the rest of society because of their alternative professions, are still human beings who deserve to be treated fairly. Belesi did so by organizing a rally on his firm’s trading floor attended almost exclusively by the people whose desks are there. He mostly spoke in broad terms, since this was the first event of its kind, and the organizers just wanted to get their name and cause out there. But now, let us get down to specifics. Wall Streeters should not be ashamed of what they do, or try to hide it behind closed doors for fear of judgment or backlash. For instance, before JB started JTF, he worked at place where strippers danced regularly on the trading floor, labia rings were sniffed, breasts were used as napkins, and junior employees mopped up their boss’s jizz. But outside the halls of the firm, no one was allowed to talk about it. And not only that, but people actually got in trouble with the law for this sort of thing! And if you’re Thomas Belesis, you’re probably thinkin’ “that ain’t right.”

Lew Lieberbaum is probably the best-known of Belesis’s former employers, thanks to a 1997 federal suit brought against it by the Equal Employment Opportunity Commission in which various female employees testified to having been subjected to a degrading work environment. The “daily torrent and virtual hailstorm of sexual harassment” on the trading floor has been documented in a 50-page complaint and gobsmacked media reports. Lesbian strippers were allegedly a regular fixture on the trading floor, and one dancer was asked to remove her labia ring so male employees could petition female employees to sniff it. Brokers were allegedly assigned to mop up the whipped cream and bodily fluids resulting from an exec’s midday frolic with his secretary. A female employee said that refusing a male superior’s sexual demands was grounds for termination; men regularly wiped food-covered hands on women’s breasts; a junior partner was said to have sometimes picked his nose and then rammed his finger into female brokers’ sandwiches. The complaint resulted in a $1.75 million settlement — and sparked related cases.

CEO Dedicated to ‘Polishing Wall Street’s Image’ Allegedly Worked On A Trading Floor Where Lesbian Strippers Performed [Daily Intel]
Revenge Of The Wall Street Traders [Daily Finance]

Comments (137)

  1. 1
    Posted by guest | February 12, 2010 at 1:53 PM

    break me off a piece a that!

  2. 2
    Posted by guest | February 12, 2010 at 1:53 PM

    holy crap

  3. 3
    Posted by guest | February 12, 2010 at 1:58 PM

    that’s out, there, even for me.
    -PJ

  4. 4
    Posted by NakedShort | February 12, 2010 at 1:59 PM

    Removing labia rings to sniff some smelly vajayjay is the new killin’ it

  5. 5
    Posted by guest | February 12, 2010 at 2:02 PM

    ‘Brokers were allegedly assigned to mop up the whipped cream and bodily fluids resulting from an exec’s midday frolic with his secretary.’
    wow

  6. 6
    Posted by guest | February 12, 2010 at 2:03 PM

    ‘men regularly wiped food-covered hands on women’s breasts;’
    didn’t they have any napkins?
    -aig quant

  7. 7
    Posted by guest | February 12, 2010 at 2:06 PM

    ‘one dancer was asked to remove her labia ring so male employees could petition female employees to sniff it.’
    speechless

  8. 8
    Posted by guest | February 12, 2010 at 2:07 PM

    this kind of stuff happens all the time…no big deal

  9. 9
    Posted by guest | February 12, 2010 at 2:10 PM

    In the UBS Telecom group we wipe our hands on the admins’ breats all the time.
    Only the admins are black men.

  10. 10
    Posted by guest | February 12, 2010 at 2:11 PM

    @9 and “breasts” = cock

  11. 11
    Posted by guest | February 12, 2010 at 2:14 PM

    ok, the sandwich thing is just gross.

  12. 12
    Posted by guest | February 12, 2010 at 2:15 PM

    was that wrong? should I not have done that?

  13. 13
    Posted by guest | February 12, 2010 at 2:17 PM

    Theres no way this could be true, however if you saw this guys pic you can tell hes into some shady stuff. Just looks evil and scummy

  14. 14
    Posted by guest | February 12, 2010 at 2:18 PM

    @13 would you have believed a male trader was once forced to take female hormone pills, wear dresses, and blow his boss for trade approval?

  15. 15
    Posted by guest | February 12, 2010 at 2:20 PM

    ah, the good old days…now I have to take the DB (Bess is it going?)bus to Connecticut for such shows.

  16. 16
    Posted by guest | February 12, 2010 at 2:20 PM

    If nothing else, this just sounds so… um…unsanitary. Where’s the NYC Dept of Health?

  17. 17
    Posted by guest | February 12, 2010 at 2:23 PM

    @16 i know, the sandwich thing? jesus.

  18. 18
    Posted by Pfluger the Barbarian | February 12, 2010 at 2:32 PM

    Euphemism sandwiches are best served with mayonaise.

  19. 19
    Posted by guest | February 12, 2010 at 2:34 PM

    Ah, the 90′s. Good times.

  20. 20
    Posted by guest | February 12, 2010 at 2:40 PM

    Call me old-fashioned, but I remember a time when the world was smaller, people were more polite, and bankers pounded their secretaries from behind with a little class.

  21. 21
    Posted by guest | February 12, 2010 at 2:41 PM

    and how is this different from any other trading floor?
    - Macquarie BSD

  22. 22
    Posted by MooseFister | February 12, 2010 at 2:46 PM

    Bess, you have hit a new low with this post. Thank you.

  23. 23
    Posted by guest | February 12, 2010 at 2:46 PM

    This kind of thing used to happen at RBC all the time. No big deal.

  24. 24
    Posted by guest | February 12, 2010 at 2:50 PM

    @22 you’re a douche

  25. 25
    Posted by guest | February 12, 2010 at 2:50 PM

    That is no way to treat a sandwich. I am shocked and appalled.

  26. 26
    Posted by guest | February 12, 2010 at 2:50 PM

    22 kill yourself

  27. 27
    Posted by guest | February 12, 2010 at 2:52 PM

    @22 yes, b/c bess caused all the above to happen, instead of merely writing about it. idiot.

  28. 28
    Posted by guest | February 12, 2010 at 2:54 PM

    @22 and yet, you’ve stuck around this whole time.

  29. 29
    Posted by guest | February 12, 2010 at 2:59 PM

    @22 – You are right. Bess instigated the entire thing because she hates sandwiches. Is today the worst day of your life?

  30. 30
    Posted by guest | February 12, 2010 at 3:01 PM

    @25, esp not a SILF.

  31. 31
    Posted by guest | February 12, 2010 at 3:05 PM

    22, you’ve hit a new low with your comment

  32. 32
    Posted by guest | February 12, 2010 at 3:08 PM

    @24/26/27/28/29 please enter “moosefister” into the search box in the above right and then go kill yourselves
    -not 22, but someone mildly amused by his subtlety

  33. 33
    Posted by guest | February 12, 2010 at 3:14 PM

    @30 bless you, guest.

  34. 34
    Posted by guest | February 12, 2010 at 3:22 PM

    That pic never gets old.

  35. 35
    Posted by guest | February 12, 2010 at 3:25 PM

    @32 = @32

  36. 36
    Posted by guest | February 12, 2010 at 3:27 PM

    The first rule of John Thomas Financial is that you do not talk about John Thomas Financial.

  37. 37
    Posted by guest | February 12, 2010 at 4:00 PM

    Stuff like that would never happen in the energy business!
    ~Denver Office of MMS

  38. 38
    Posted by Moe | February 12, 2010 at 4:02 PM

    #37 bless you for that reference

  39. 39
    Posted by guest | February 12, 2010 at 4:05 PM

    @22 was being funny but it was so subtle many missed it.
    Thanking Bess for the “new low” was more appreciative than snarky.

  40. 40
    Posted by Moe | February 12, 2010 at 4:09 PM

    #39 it is so depressing that that is what is considered “subtle” on the internet. #22 suicide pact?

  41. 41
    Posted by guest | February 13, 2010 at 9:17 AM

    she ate that sandwich, true story.

  42. 42
    Posted by Billy Joe | April 30, 2010 at 1:08 PM

    I am a journalism student at NYU and recently went on an interview at John Thomas Financial for an undercover piece on boiler rooms and was blown away. The people actually refer to the floor as the “boiler” an talk openly about how they are going to scam clients with randomly selected stocks. The kids that work there are underachieving 22-yr old criminals who have nothing more than hustling mentalities and GEDs

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