SEC Seeks Input on Proposed Delay of Plan to Prevent Rapid Market Changes, by Shannon Allen
The Securities and Exchange Commission (“SEC”) issued a notice soliciting comments on a proposed Fourth Amendment to the Plan to Address Extraordinary Market Volatility (“Plan”). Specifically, the Plan is calculated to prevent the kind of “sudden price movements” in the market that occurred “on the afternoon of May 6, 2010.” The Plan creates “market-wide limit […]