Stock Market Circuit Breakers in Case of Emergency
For the time being, the Securities and Exchange Commission (SEC) has stopped short of proposing a market-wide circuit breaker to prevent a recurrence of the record drop in the Dow Jones Industrial Average (DJIA) that took place on May 6—instead opting for a stock-by-stock circuit breaker proposal—although such a market-wide plan could still appear. In cooperation with US securities exchanges and the Financial Industry Regulatory Authority (Finra), the securities industry’s self-regulatory
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