UPDATE: Gilded Circuit Breakers?

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CNBC's Bob Pisani reports that a note has been circulating on trading desks concerning the SEC possibly seeking individual stock circuit breakers. Supposedly, "if the closing price of a security declines 20 percent below its closing price from the prior trading session, beginning the next trading session, all members and member organizations are prohibited from short selling that security for three trading days." No further information, though we're pretty sure we can think of a few people who'd like to sign up for that shit.
Update: According to Bloomberg, "NYSE Euronext Chief Executive Officer Duncan Niederauer and Nasdaq CEO Robert Greifeld have met with SEC officials to discuss the plan."

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