Statement from SEC and CFTC

FOR IMMEDIATE RELEASE

2010-72

Washington, D.C., May 6, 2010 — The Securities and Exchange Commission and the Commodity Futures Trading Commission today released the following statement:

“The SEC and CFTC are working closely with the other financial regulators, as well as the exchanges, to review the unusual trading activity that took place briefly this afternoon. We are also working with the exchanges to take appropriate steps to protect investors pursuant to market rules.

“We will make public the findings of our review along with recommendations for appropriate action.”

# # #

http://www.sec.gov/news/press/2010/2010-72.htm

We will be waiting with anticipation.  One interesting take on todays events, well explained, and seemingly quite plausable can be found here courtesy of Zero Hedge.  The Day The Market Almost Died (Courtesy Of High Frequency Trading) Highly recommended reading!


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