Business & Finance: Return of the Broker

When the clamor on the floor of the New York Stock Exchange had been stilled to permit President Edward Henry Harriman Simmons to announce in hard, sharp accents that a member, found guilty of unethical conduct of his brokerage business, was expelled, the member in question, Herman W. Booth, was nowhere to be found (TIME, Oct. 3). The incident was soon drowned by the roar of hundreds of brokers resuming the hawking of securities about the 29 posts of the floor. No active trader had Mr. Booth been, with hundreds of clients to represent. Apparently his misconduct had been technical. But...

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