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.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.