Business: Out of the Club

On the usually bustling floor of the New York Stock Exchange one morning last week, the stock ticker stopped and 2,000 brokers and clerks stood silently while Chairman Edward C. Werle made an unhappy announcement. For the first time in 22 years the exchange, one of the nation's most exclusive clubs, was expelling a member for "fraudulent acts which endangered a member firm's financial position." The offender: Anton E. Homsey, 53, one of two partners in the Boston firm of DuPont, Homsey & Co. His offense was pledging an estimated $503,000 in securities...

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