NEW YORK: The New York Stock Exchange may leave New York State if Albany imposes a transfer tax on stock sales, the president of the Intercontinental Exchange Inc-owned exchange operator said on Tuesday in an op-ed in the Wall Street Journal.
NYSE President Stacey Cunningham said she and 25 other representatives of New York's securities industry sent a letter last Wednesday to state legislative leaders warning against the unintended consequences of imposing such a tax, which would ultimately be borne by investors.
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