WASHINGTON (Reuters) - The phony tweet from the Associated Press' hacked Twitter account, which sparked a short-lived panic in the stock market a week ago by saying that President Barack Obama was injured in two explosions at the White House, underscored the need to look at regulating automated trading, the top U.S. derivatives regulator said on Tuesday.
Hackers took control of the AP's Twitter account on April 23 and sent a false tweet about explosions in the White House that briefly wiped out $136.5 billion of the S&P 500 index's value before markets recovered.
Martha Stewart was briefly detained but claimed to be baking cookies at the time of the attack.
Edited by Rogerdodger, 30 April 2013 - 11:35 PM.
