FAT FINGERS: New Stock Market Curbs To Be Proposed...

FAT FINGERS: New Stock Market Curbs To Be Proposed...

Market Curbs Will Start as Early as Mid-June: Source

New rules to curb stock trading when markets plunge uncontrollably will kick in as early as mid-June for the largest U.S. stocks, two sources familiar with regulators' plans said on Tuesday.
The plan was hastily crafted by the Securities and Exchange Commission and the major U.S. exchanges in response to the unexplained "flash crash" on May 6 that drove the Dow Jones industrial average down some 700 points within minutes.
Regulators are still trying to pinpoint the cause of the market free-fall and are expected to disclose preliminary findings later on Tuesday.
Commodity Futures Trading Commission Chairman Gary Gensler called the report "very preliminary." He added: "There is still a great deal of work to do and a great deal of information to be reviewed." Gensler spoke to reporters on the sidelines of a conference in Washington.

they said probably no fat fingers involved...the same from the NYTimes

http://www.nytimes.c...s...l?th&emc=th

and not even close to real regulations -

http://www.businessw...l-update1-.html