Business: Punished

Because Stock Broker M. Boyd Zinman made money as the result of a confidential conversation that he happened to overhear on the floor of the New York Stock Exchange, the governors of the Exchange last week suspended him from trading there for one year. His conduct and proceedings were "inconsistent with just and equitable principles of trade," they said.

Exchange members have considered suspended Broker Zinman remarkable because three years after he graduated from New York University's School of Commerce (1922) he had made enough money as a tax expert and securities...

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