New Sec Rules Aim to Prevent Future Plunges
The Commercial Appeal (2007-Current) › May 19, 2010
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Summary
WASHINGTON - U.S. stock exchanges will briefly halt trading of some stocks that have big price swings under new trading rules aimed at avoiding market plunges and proposed Tuesday by federal regulators.
The rules would take effect in mid-June under a six-month pilot program agreed to by major U.S. exchanges and the Securities and Exchange Commission. The SEC announced them Tuesday and put them forward for public comment in a response to the plunge of May 6.See the full content of this document
Extract
New Sec Rules Aim to Prevent Future Plunges
Under the plan, trading of any Standard & Poor's 500 stock that rises or falls 10 per...
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