Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, May 11, 2010

Schapiro Testifies on Market Disruption

Here is SEC Chair Schapiro's written testimony submitted for the Capital Markets Subcommittee on the Severe Market Disruption on May 6, 2010.  Her bottom line:

"The sudden evaporation of meaningful prices for many major exchange-listed stocks in the middle of a trading day is unacceptable...."

But no answers yet -- "The SEC is engaging in a comprehensive review and will take necessary steps to implement additional safeguards ...."

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