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NYSE Scandal May Be Over the Top

Traders Magazine, April 2003

Gregory Bresiger

The dollar amounts that may have been skimmed off by some specialists in the front-running style scandal at the New York Stock Exchange could come as the biggest shock, according to one well-informed pro. As the Big Board and the Securities and Exchange Commission continued their probe into the reported trading abuses - abuses in which traders sometimes profit by trading in advance of their own customers' executions - one buyside trader said the final story may be anticlimatic.

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