Full-text Flash Crash Report Online
FINDINGS REGARDING THE MARKET EVENTS OF MAY 6, 2010
REPORT OF THE STAFFS OF THE CFTC AND SEC TO THE JOINT ADVISORY COMMITTEE ON EMERGING REGULATORY ISSUES
Bill Singer of BrokeAndBroker.com has just posted the full-text link for the Flash Crash Report. For your immediate convenience, the entire 11-page "Executive Summary" of the 104-page report is available at:
I think we'd all like to get your take on it once you've read the whole thing. No doubt, lots of folks are going to be sanctioned, fined, go to jail.... /sarc
I think flash crash was a planned event, a massive intentional theft. Just like changing m2m, uptick rule, was a way to allow the hedge funds to rape/pillage the market on the way down.