Gary Gensler

2 Stories

SEC: Don't Blame Fat Fingers for Market Freefall

Feds don't know reason, but don't think it was a typo

(Newser) - Those hoping for a simple answer to what caused last week's stock market collapse—a typo caused by a so-called "fat finger" trading error, for instance, or maybe a malicious hacker—will be disappointed with the testimony of federal regulators today on Capitol Hill. While they simply don't know... More »

Feds Consider Limits on Oil, Energy Speculation

Commodity Commission to hold hearings on 'purely financial' energy futures trading

(Newser) - Federal regulators may impose new limits on the amount of energy-futures contracts that speculators can buy, the New York Times reports, an attempt to curb severe price fluctuations in commodities like oil and natural gas. Oil prices swung from $145 per barrel last summer to $33 in December, movement some... More »

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