SEC Considers Further Flash Crash Safeguards

Law360, New York (February 4, 2011, 2:09 PM EST) -- The U.S. Securities and Exchange Commission said Friday it was weighing several measures to prevent a repeat of the stock market's May 6 flash crash, including increased scrutiny for high-speed traders and controls on automated trading algorithms.

The steps taken by the SEC and the Financial Industry Regulatory Authority in the immediate aftermath of the flash crash — during which U.S. markets tumbled 500 points within seconds, only to rebound moments later — have helped to lower the risk of recurrence, SEC Chairwoman Mary L. Schapiro...
To view the full article, register now.