SEC: Proposal targets erroneous trades
Comments are due this month on proposed rules aimed at clarifying the process for breaking erroneous trades.
Comments are due this month on proposed rules aimed at clarifying the process for breaking erroneous trades. Coming on the heels of the SEC’s approval of stock-by-stock circuit breaker rules, the new proposal would make it clearer when, and what prices, trades would be broken. The rules would help prevent the kind of market disruption that occurred May 6. For more details and information on submitting comment by July 19, click here.
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