SEC approves ‘flash crash’ response rules…(Here We Go!!)

Saturday, June 2, 2012
By Paul Martin

Market-wide circuit breaker would pause U.S. markets for 15 minutes

By Ronald D. Orol
MarketWatch.com
June 1, 2012

Seeking to avoid another “flash crash” like the one that rattled markets on May 6, 2010, the Securities and Exchange Commission on Friday announced it had approved two long-awaited proposals seeking to limit the kind of extraordinary market volatility seen on that day.

“The initiatives we approved are the product of a significant effort to devise a sophisticated, yet workable and effective way to protect our markets from excessive volatility,” said SEC Chairman Mary Schapiro.

Both proposals were approved for a one-year trial period.

The Rest…HERE

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