In the government's initial response to the "flash crash," the SEC proposes new circuit breaker...

|By:, SA News Editor

In the government's initial response to the "flash crash," the SEC proposes new circuit breaker rules to tame volatility in individual stocks, including a pause in trading certain stocks if the price moves 10% or more in a five-minute period. Also, the Senate rejects an amendment to the financial reform bill that would have prohibited naked credit default swaps.