QUẢN LÝ CỦA THẢO LUẬN VÀ PHÂN TÍCH Những biến động giá bất thường gây ra tác hại đáng kể cho các nhà đầu tư, bao gồm cả những người bị mất tiền khi "dừng lỗ" chương trình dẫn đến bán tự động trong quá trình ấn tượng, nhưng nhanh chóng đảo ngược sự suy giảm | Management s Discussion and Analysis MANAGEMENTS DISCUSSION AND ANALYSIS OIA also created and led a Task Force on International Implementation - an intra-agency task force coordinating the international aspects of the Dodd-Frank Act. The Task Force s work is diminishing the risk that Dodd-Frank Act regulation will conflict with regulations in other countries and create the potential for regulatory arbitrage. The Office of Investor Education and Advocacy OIEA redesigned and expanded its website adding information on a variety of topics and materials aimed at the particular needs of specific groups such as service members teachers and retirees. OIEA completed a Dodd-Frank Act study on ways to improve investors access to registration information about investment professionals. In addition it began a multi-part study on financial literacy among retail investors underway. A Critical Market Response May 6th and Market Confidence In 2011 the SEC continued efforts to address the unusual market volatility that occurred on May 6 2010. At 2 42 on the afternoon of May 6 2010 stock prices on . exchanges began to fall with almost unprecedented speed - 573 points in Ave minutes - leaving the nation s most prominent stock index down over 900 points from the previous day s close. At the worst end of the spectrum more than 300 securities suffered declines of more than 60 percent. And then just as suddenly the markets reversed themselves recovering to pre-crash levels within minutes. These unusual price swings caused significant harm to many investors including those who lost money when stop loss programs led to automatic selling during the dramatic - but quickly reversed - decline. In addition to financial losses the sudden disruptions also delivered a significant blow to the confidence of investors of all types - individual retail investors large institutions and all those in between. Recognizing the significance of the market s unusual fluctuations the SEC acted .
