SEC to Boost Market Safeguards

How to avoid another day like Thursday, when, at one point, the Dow lost almost 1,000 points? On Monday, SEC Chairwoman Mary Schapiro met with the leaders of the major stock exchanges and the Financial Industry Regulatory Authority to discuss implementing new protections to avoid repetitions of Thursday’s nosedive. "As a first step, the parties agreed on a structural framework, to be refined over the next day, for strengthening circuit breakers and handling erroneous trades," Schapiro said.