SEC unveils trading rules shakeup

[Elmore Furth]

Source: BBC

The largest US shares face new trading restrictions after regulators have come up with a plan to avoid a repeat of the plunge in values on 6 May.

Then, the market fall quickly spread out of control, and now the Securities and Exchange Commission (SEC) has proposed so-called "circuit breakers".

These would halt trading in a stock for five minutes, if it fell more than 10% in five minutes.

The new rules apply to all stocks in the Standard & Poor's 500 index.



Read more: http://news.bbc.co.uk/2/hi/business/10124393.stm

[RandomThoughts]

1. It is good they are trying to regulate, and set safety systems in place.

But in my view the causes is the structure of the skimming and consolidation, and the reliance on a system that is set up for theft in secret and complexity.

So the things like that really wont make a difference if the core problems are not corrected. But that is just my thoughts on it.

The way the theft has been occurring is traders and groups finding loop holes in laws to continue what they want to do, so rules applied back makes any changes like that ineffectual if the attempt is just to stop that situation.

They are trying to stop a rapid drop in a few minutes, not correct the structural problems with that fix, that is trying to stop the effects of what is trying to correct the core problems, not fixing the core problems.

It actually seems backwards.

[still_one]

2. Have they gotten rid of high frequency trading? How about uncovered shorts?

Both practices have nothing to do with the value of a company or stock, but are pure manipulation

[dipsydoodle]

3. Token gesture only

x(

[dotymed]

4. Did "they" name the profiteers

that made a huge "killing" on the "accidental" stock plunge? No, just like they never said who shorted all of the United shares on 9-11. They make these "token" gestures, yet refuse to reveal the thieves responsible for the devastation. Obviously, the elites are destroying us with the acquiescence of the government.

[dmosh42]

5. The same gang who 'enabled' Madoff, complete bullshit! n/t