CFTC Eyes High-Speed Trades In Wake Of AP Twitter Hack

Law360, Washington (April 30, 2013, 8:34 PM EDT) -- The U.S. Commodities Futures Trading Commission will ramp up its efforts to publish new oversight regulations for automated and high-frequency trading after the Twitter-hacking incident at the Associated Press and subsequent market dip, Chairman Gary Gensler said Tuesday.

The April 23 incident — in which the hacked account falsely tweeted to AP's more than 1.9 million followers that President Barack Obama had been injured during an attack on the White House — reminded Gensler that companies are in a virtual “arms race” with bad actors and...
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