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Ledinsky Comments on Exchanges

JIM LEDINSKY, a University of Iowa finance professor and former Morgan Stanley principal, says the Securities and Exchange Commission could have let stock trading resume in the days immediately following the Sept. 11 attack on the United States through the regional telephone exchanges and electronic trading networks. But he thinks it made sense not to rush, especially with the rescue effort underway. "They could have started trading, but this way things will be much more calm," he said.

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