Waves crash along St. Pete Pier in St. Petersburg as Hurricane Milton is expected to make landfall tonight on Oct. 9 in Florida.The Securities and Exchange Commission and a top financial industry group said they were closely monitoring the impact of Hurricane Milton on investors and capital markets.
The Securities Industry and Financial Markets Association said in a separate statement it was confident its member firms in Florida were prepared for the storm. SIFMA Managing Director Stephen Byron said in the statement that the group frequently works with its members on a range of contingency planning exercises, including hurricanes. The group is also in contact with relevant government agencies, he added.
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