WASHINGTON, D.C. -- On the one-year anniversary of the Flash Crash, Securities and Exchange Commission chairman Mary L. Schapiro said the behavior of high-frequency trading firms will be closely scrutinized -- and placing obligations on high-speed traders to maintain markets in stocks "remains on the table.''

The disappearance of high-frequency traders at critical moments of the Flash Crash means that regulators must "thoroughly examine their role" in exacerbating the plunge instead of correcting it, Schapiro said to attendees of the General Membership Meeting of the Investment Company Institute.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access