John At The Center

Brokers who may have had a role in May’s devastating “flash crash” could face fines from the Financial Industry Regulatory Authority, said the industry group on Monday.

Finra spokeswoman Nancy Condon confirmed that brokers who gave high-frequency traders access to the markets without properly vetting them could face fines.

via Finra considering fines for ‘flash crash’ brokers – Aug. 23, 2010.