Stock Market Plunge Probe | featured news

One large trader led to May 6 stock market plunge

One large trader led to May 6 stock market plunge

A trading firm's use of a computer sell order triggered the May 6 market plunge, which sent the Dow Jones industrial average plunging nearly 1,000 points in less than a half-hour, federal regulators said Friday.

 

Kansas Mutual Fund Is Linked to Market’s Plunge

Futures trades by Waddell & Reed, a mutual fund based in Kansas, have been linked to the May 6 “flash crash” of the Dow.

 

SEC says no single cause of market plunge

SEC says no single cause of market plunge

The top securities regulator said no single event had been found to explain Thursday's mysterious market plunge, but the shocking drop was unacceptable and additional safeguards were coming.

 

Forensics of market's fast plunge

Forensics of market's fast plunge

As regulators sought to make sense of what was behind Thursday's wild gyrations in the stock market, some experts warned that Wall Street's effort to undo tainted trades could encourage the very behavior that led to the market plunge.

 

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