An SEC Rule Was Meant to Protect Individual Investors. Chaos Ensued.

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An SEC Rule Was Meant to Protect Individual Investors. Chaos Ensued.
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Regulators vowed to clean up a stock market for small investors. Instead they made things messier, writes jasonzweigwsj

The ability to convert securities into cash promptly, at a price close to the last trade, isn’t a permanent property of markets; it’s a privilege that can disappear almost instantly at the worst possible time.

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