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Securities Industry New York State

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BUSINESS
November 7, 1990 | From Associated Press
Wall Street's big commodities markets decided Tuesday to stay in the nation's financial center rather than flee to New Jersey, giving a major boost to the city's sagging economic fortunes. The decision by the four exchanges, which trade products from orange juice to crude oil, comes during a devastating financial industry recession that has cost New York thousands of jobs since the 1987 stock market crash.
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BUSINESS
June 12, 1991 | From Associated Press
Investors will have more trouble winning damage awards in disputes with brokers under a federal court ruling that strengthens the hand of the securities industry. The U.S. 2nd Circuit Court of Appeals has ruled that arbitrators can't award punitive damages in New York state. The decision is important because of a growing trend to penalize brokerage firms beyond just reimbursing wronged investors.
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BUSINESS
June 12, 1991 | From Associated Press
Investors will have more trouble winning damage awards in disputes with brokers under a federal court ruling that strengthens the hand of the securities industry. The U.S. 2nd Circuit Court of Appeals has ruled that arbitrators can't award punitive damages in New York state. The decision is important because of a growing trend to penalize brokerage firms beyond just reimbursing wronged investors.
BUSINESS
November 7, 1990 | From Associated Press
Wall Street's big commodities markets decided Tuesday to stay in the nation's financial center rather than flee to New Jersey, giving a major boost to the city's sagging economic fortunes. The decision by the four exchanges, which trade products from orange juice to crude oil, comes during a devastating financial industry recession that has cost New York thousands of jobs since the 1987 stock market crash.
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