article_snippet: New York City's security industry added 2,300 jobs in New York City in 2014, the first year of positive job growth in city's financial sector since 2011. '
article_snippet: The cost of legal settlements related to the financial crisis continues to be a drag on Wall Street profits, but New York City's security industry remains profitable and well-compensated even as New York City's security industry adjusts to regulatory changes,' said New York State Comptroller Thomas DiNapoli. '
article_snippet: The resumption of job growth in New York City's security industry bodes well for New York State economy, but The resumption of job growth in the securities industry remains to be seen whether this trend will be sustained.' '
article_snippet: One area that anecdotally we keep hearing is a growth sector is compliance,' New York State Comptroller Thomas DiNapoli said.
article_snippet: The compensation is five times the average for private employment in New York State,' New York State Comptroller Thomas DiNapoli said. '
article_snippet: New York State Comptroller Thomas DiNapoli added that it's important to be concerned about excessive risk-taking and possible regulatory rollbacks to be sure there isn't another meltdown, noting the industry is key to the economic viability of the city and state.
article_snippet: The goal should be a business model with sustainable profits, New York State Comptroller Thomas DiNapoli said, not the short-term, high-risk, high-reward profits 'that invariably results in the periodic downturn or crash as we had.'