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Robert Birnbaum, Who Led New York’s Two Exchanges, Dies at 94

  • Alerted SEC to ‘Heard on the Street’ insider trading scandal
  • He calmed nerves when stocks sank 22.6 percent in one day

Robert J. Birnbaum, who headed both the American Stock Exchange and the New York Stock Exchange during a 27-year career in market regulation and administration, has died. He was 94. 

He died on Dec. 23 at his home in Boca Raton, Florida, after a long illness, his wife, Gloria, said in an interview.