May 6, 2010

SEC, CFTC Review Unusual Trades Tied to Market Plunge

By Jesse Westbrook

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are reviewing “unusual trading” that contributed to a plunge in U.S. equity markets today.

The SEC and CFTC, in a joint statement, said they are “working closely” with other financial regulators and exchanges to examine why stocks fell. The agencies plan to make their findings public along with recommendations for appropriate action…

Read Full Article on Bloomberg.

Last Updated: August 5, 2010