Trading fall prompts amendment to the Dodd Bill
Last week’s drop in US markets could yet provoke regulatory fallout
The dramatic plunge experienced in the US markets last Thursday ostensibly caused by a fat finger error has prompted two democrat senators to request an amendment to the financial reform bill to include risk controls over trading errors. As reported by Reuters, a letter sent to Christopher Dodd, chairman of the Senate Banking Committee, called for US regulators to report on the causes of the shock
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