Traders will no longer be able to make direct trades without broker supervision. As part of a series of changes after May’s “flash crash,” the U.S. Securities and Exchange Commission decided Wednesday to bar traders from having “naked” access to stock markets.
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SEC: No More ‘Naked’ Access to Stock Market for Traders originally appeared on DailyFinance on Wed, 03 Nov 2010 19:15:00.
Filed Under: Investing, Market News