Only a Drill

BCP

In May, while people were gearing up for summer, two bombs exploded in midtown Manhattan and in Wall Street.

Thankfully, this never happened in real life but rather, took place in an industry-wide test. The Securities Industry Association (SIA) and the Bond Market Association (BMA) conducted a joint "tabletop exercise"—essentially a theoretical discussion—with 13 broker-dealers involved in both markets, the Securities and Exchange Commission (SEC), the New York Stock Exchange (NYSE), Nasdaq

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