Summary
WASHINGTON - Anxiety over the "flash crash" on Wall Street on May 6 might have contributed to the withdrawal of retail investors from the stock market in recent months, the head of the Securities and Exchange Commission said Tuesday.
SEC Chairwoman Mary Schapiro said the panicked disruption, which saw the Dow Jones industrials plunge nearly 1,000 points in less than a half-hour, "was clearly a market failure" that heightened concerns over the fast-evolving structure of the market.See the full content of this document
Extract
'Flash Crash' Lingering?
Schapiro said the SEC has received written comments from brokerage firms saying their retail customers have pulled back from the mark...
See the full content of this document
Sponsored links
