The New York securities industry employed more than 200,000 people at its peak in 2000. Wall Street employment has fallen since, but is starting to rebound, according to a quarterly employment report from SIFMA. The group also warned that the Dodd-Frank act leaves many uncertainties that can make it difficult for firms to make decisions about hiring and strategy. "While much is left to be decided in the writing and implementing of regulation over coming years, at least one major hurdle has been passed; the firms will have an ongoing need for additional legal and compliance staff for the foreseeable future," SIFMA said.
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