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A Disaster Report for Lawmakers

Traders Magazine, September 2001

Gregory Bresiger

The main offices of some 30 broker dealers were located in the World Trade Center and about 350 additional had offices in the vicinity of the twin towers. One firm, Cantor Fitzgerald, lost about seven hundred employees but continued to stay open despite the enormous suffering. Those were some of the grim numbers lawmakers on Capitol Hill heard recently when Robert Glauber, president and chief executive of the National Association of Securities Dealers, testified before the U.S. Senate Committee on Banking, Housing and Urban Affairs.

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