WASHINGTON, May 18 (Reuters) - The U.S. Securities and Exchange Commission issued a proposal on Tuesday to curb trading in a single stock when that stock is in freefall:
* New trading curbs would apply to all S&P 500 stocks that experience a 'rapid
price movement'
* Trading in a single stock would be halted for a five minute period if that
stock fell more than 10 percent in five minutes
* SEC must approve proposal before new trading rules go into effect
* SEC continues to consider new circuit breaker rules that would apply across
all markets
(Company news desk in Washington; +1 202 898 8400, washington.newsroom@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* New trading curbs would apply to all S&P 500 stocks that experience a 'rapid
price movement'
* Trading in a single stock would be halted for a five minute period if that
stock fell more than 10 percent in five minutes
* SEC must approve proposal before new trading rules go into effect
* SEC continues to consider new circuit breaker rules that would apply across
all markets
(Company news desk in Washington; +1 202 898 8400, washington.newsroom@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.