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Wednesday, May 18, 2011

SEC probes electronic platform failures

SEC probes electronic platform failures The Securities and Exchange Commission is investigating computer system failures at electronic marketplaces including Nasdaq to determine whether internal controls are sufficient, according to people familiar with the matter.

The investigation is being handled by the enforcement division’s market abuse unit and is part of a broader regulatory review of stock exchanges following last year’s “flash crash”, recent hacking attempts and trading glitches.
http://link.ft.com/r/8P1R88/WLPKEB/HDKQA6/0GUONC/A7CPX7/VU/h?a1=2011&a2=5&a3=18

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