Is quote stuffing legal?
High-speed computers have been buying and selling stocks and then immediately canceling the orders.
This happens when someone places huge orders to buy and sell stocks and then cancels the orders immediately. Believe it or not, that split-second trade could cause stock prices to swing.
Quote stuffing is the latest round of funny business that can happen as high-speed trading takes in the stock market. This ultra-fast trading now accounts for two-thirds of market volume, the Journal reports.
The SEC is looking into how high-speed trading was involved in the May 6 "flash crash," and is expected to have a report out this month, the Journal reports.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The company complains after the son of Florida State's football coach is televised wearing -- gasp -- Under Armour.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.