SEC approves 'fat-finger' rules

- David Benyon
- 12 Oct 2009

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WASHINGTON, DC - The Securities and Exchange Commission (SEC) last week approved new rules on mistaken stock trades on US exchanges. The US regulator said the new standards are focused on eliminating trades that deviate so much from market prices that they are considered "clearly erroneous".

The development provides a defence against so-called 'fat-finger' trades, by which market participants have suffered some disastrous losses - or near-misses - from simple clerical errors such as inserting a

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