Securities Law Prof Blog

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

Wednesday, April 24, 2013

SEC' Aguilar Calls for Inquiry into Twitter Hoax

SEC Commissioner Luis Aguilar said in an email to the Wall St. Journal that the SEC staff should look into yesterday's Twitter "hoax" that there were explosions at the White House and that the President was injured.  Although the story was quickly debunked, it caused the stock market to drop as a result of algorithmic trading. Mr. Aguilar said the SEC "needs to keep current on how technology is intersecting with, and effecting, the markets we regulate."  WSJ, SEC Official Seeks Inquiry Into Twitter Hoax

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