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John Thomas' Insurer Wants Out Of Covering Fraud Suits

By Kathryn Brenzel ( May 31, 2013, 10:11 PM EDT) -- New York Marine and General Insurance Co. on Friday urged a New York judge to void its broker-dealer liability policy covering John Thomas Financial and ATB Holding LLC in relation to a flurry of fraud suits initiated by the Financial Industry Regulatory Authority and others, arguing that the policy covers only claims related to "professional services."...

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