WASHINGTON AP - Regulators on Thursday proposed rules designed to stem conflicts of interest and provide more transparency for credit rating companies. They also proposed banning "flash orders," which give some traders a split-second edge in buying or selling stocks.The changes, which were opened to public comment for 60 days, could eventually be adopted by the agency, possibly with revisions.
September 18, 2009 at 12:00 AM
1 minute read
WASHINGTON AP – Regulators on Thursday proposed rules designed to stem conflicts of interest and provide more transparency for credit rating companies. They also proposed banning “flash orders,” which give some traders a split-second edge in buying or selling stocks.
The changes, which were opened to public comment for 60 days, could eventually be adopted by the agency, possibly with revisions.
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