Former Wall Street Trader Fulop Ousts Jersey City’s Mayor

Jersey City Councilman Steven Fulop, who quit Sanford C. Bernstein & Co.’s trading desk to run for mayor, ousted incumbent Jerramiah Healy, whose administration was caught up in an FBI investigation and who was once photographed on his porch drunk, unconscious and naked.

Fulop, 36, who had financial backing from Wall Street, won 53 percent of the vote yesterday, according to results on the Hudson County clerk’s website. Healy, 62, who had endorsements from President Barack Obama and Newark Mayor Cory Booker, had 38 percent, with 96 percent of the votes counted. Both candidates are registered Democrats, though the race was nonpartisan.