Regulators look into market plunge, weigh changes
(AP) - The federal regulators that oversee financialmarkets say they are investigating the causes of the mass sell-offThursday that pushed the Dow Jones Industrial average down hundredsof points. They are identifying one possible cause: Conflictingtrading rules for different markets.
The Securities and Exchange Commission and the Commodity FuturesTrading Commission say they are reviewing data related toThursday's trading frenzy. They are looking at information fromexchanges, self-regulatory groups and market participants. They saythey will make any necessary changes to prevent the problem fromrecurring.
The SEC and CFTC have ultimate oversight of financial markets,but they generally rely on the markets to write and enforce theirown rules.