Sec Probe Into Market Flash Crash Finds No Single Cause

09.09.10 | FL News Team

(Washington, DC)  --  Regulators still can't point to any single cause for last May's sudden stock market crash.  Sources familiar with the probe say the Securities and Exchange Commission is still searching for a possible smoking gun that might explain the Dow's 700-point plunge on May 6th.

The SEC has already adopted a circuit-breaker program to halt trading in any single stock that begins to drop sharply.   Regulators also reportedly want to ban so-called "stub quotes" which are orders placed well off the market prices.  The SEC is expected to issue a follow-up report soon on the crash which exposed flaws in the high-speed electronic marketplace.