SEC's Response to Flash Crash Is New Circuit Breaker Rules

Serebrov, Mari
September 2011
BioWorld Today;9/29/2011, Vol. 22 Issue 189, p1
The article reports that U.S. Securities and Exchange Commission (SEC) has proposed changes to its 25-year-old circuit breaker rules in response to the 2010 flash crash. It says the SEC is still considering the limit up-limit down proposal, which aims at preventing trading anomalies and limiting the unsettling effect of those that do arise. Chairwoman Mary Schapiro says SEC's proposal is designed to lower the market's unusual volatility.


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