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Schapiro: No “Concrete Plan” to Alter Erroneous Trade Rules, After Knight Debacle

Traders Magazine Online News, October 23, 2012

Tom Steinert-Threlkeld

SEC chairman Mary L. Schapiro said there is not a substantive effort to review the agency’s “clearly erroneous” trade rules, even though Knight Capital took $457.6 million in losses after a flood of erroneous trades on August 1.

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