No accidents have been reported related to the two problems, according to Japan's No. 1 automaker on Wednesday.
The Securities and Exchange Commission deepened its probe into whether Knight Capital Group (KCG) did enough to police its trading systems before computer errors caused the brokerage to incur losses of more than $450 million, The Wall Street Journal reported Wednesday.
The probe initially focused on what caused the trading errors but it has broadened to look further at Knight Capital's risk-control procedures and its compliance with a rule that requires brokerages to guard against these sorts of problems, the Journal reported, citing people familiar with the investigation.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV