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the time their respective petitions in these cases were filed.
(Mr. Gordon and Ms. Gordon are sometimes referred to as the
Gordons.)
The Gordons were married on April 2, 1959, separated during
March 1991, and divorced on July 14, 1994. They have two chil-
dren, a daughter Jodi and a son Eric.
Mr. Gordon
Throughout most of the period 1965 through 1996, Mr. Gordon,
who majored in accounting, held a bachelor's degree in business
administration, and was licensed by the National Association of
Security Dealers (NASD) to sell securities to the public, earned
his livelihood as a trader either for his own account or for the
accounts of the various investment or securities firms (firms)
that employed him. A trader is a professional investor in
securities, commodities, or options, who is in the trade or
business of buying and selling such products, with the aim of
profiting from increases in the market prices of his or her
positions.
Mr. Gordon's compensation as a trader for the firms that
employed him was based on a percentage of the profits that his
trading activities generated for those firms, and not on a fixed
salary. Those firms generally protected themselves against any
losses incurred by traders whom they employed by requiring them
to deposit money as security for any such losses and/or by
retaining for a certain period of time a portion of the compensa-
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