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SEC Chairperson Mary Schapiro rejected pleas from Knight Capital (KCG) CEO Thomas Joyce to...

  • Monday, August 6, 2012, 3:14 AM ET
    SEC Chairperson Mary Schapiro rejected pleas from Knight Capital (KCG) CEO Thomas Joyce to cancel many of the trades his company had erroneously made last week, leaving it with $4.5B of securities it hadn't planned to buy. Schapiro's stance is a consequence of the 2010 flash crash, when the SEC was accused of arbitrariness in canceling transactions. (see investment)
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This news story has 2 comments:

  •  
    good for us!
    6 Aug 2012, 03:22 AM Reply Like
  •  
    I wish i could cancel transactions when i make a bad buy!
    6 Aug 2012, 03:28 AM Reply Like
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