The stock market has completed its climb back. On Oct. 28, the Dow Jones Industrial Average closed at 11,114. On April 28, the average had closed at 11,046.

Then came May 6 and the Flash Crash supposedly tripped off by the now-famous plan by Waddell & Reed, the mutual fund complex in Overland Park, Kansas, to sell 75,000 contracts worth $4.1 billion in E-mini futures contracts.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.