N.Y. STOCK EXCHANGE
Fingerprints Called For (N.Z.PA.-Reuter—Copyright) NEW YORK, March 12. As a result of an epidemic of thefts in Wall Street, the New York Stock Exchange would like brokers to fingerprint all employees and have access to fingerprint records of law enforcement agencies such as the F. 8.1.
It would be most helpful if exchanges and member firms had access to these records, the president of the New York Stock Exchange (Mr R. Haack) told the House of Representatives Commerce Sub-committee in Washington last week. He said that because of State and Federal laws it was practically impossible to get reliable background records on employees. Mr Haack said securities totalling s37m had been stolen or lost in each of the last two years, compared with only s9.lm worth in 1957. He considered this could be viewed as evidence of organised crime. The industry now was hampered in checking the records of persons entering the business, he said as New York state forbade fingerprinting as a condition of employment.
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Bibliographic details
Press, Volume CIX, Issue 31936, 13 March 1969, Page 16
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169N.Y. STOCK EXCHANGE Press, Volume CIX, Issue 31936, 13 March 1969, Page 16
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