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New SEC Circuit Breaker Rules

In breaking news CNBC’s Bob Pisani reveals that the SEC intends to implement new rules on single stock circuit breakers.

Under the plan, any stock currently in the S&P 500 that either falls or rises10 percent or more in a 5 minute period would be halted for five minutes.

The rules are intended to prevent a repeat of the May 6 market plunge.

The pilot program is scheduled to end Dec. 10. Regulators and the exchanges would then decide whether to widen the program.

Find out why Miller Tabak strategist Peter Boockvar doesn't like these developments and - on the flip side of the coin - why Dennis Gartman says "it's a verygood decision."

Watch the video now!

Read More:

> SEC Releases Proposed Rules on Single-Stock Trading






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Trader disclosure: On May 18, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AAPL), (BAC), (EEM); Terranova Owns (SWN); Finerman's Firm Is Short (IJR), (MDY), (IWM), (SPY); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (JPM), (JPM) Call; Finerman Owns (JPM); Finerman's Firm Owns (KFT); Finerman's Firm Owns (SKS); Finerman's Firm And Finerman Own (TJX); Finerman's Firm Owns (WFC) Preferredl; Finerman's Firm Owns (WMT); Najarian Owns (AMD) Calls; Najarian Owns (C) Calls; Najarian Owns (HPQ), Is Long (HPQ) June Call, Is Short (HPQ) May Calls; Najarian Owns (MS), Is Short (MS) Calls; Najarian Owns (V) Call Spread; Najarian Owns (AMD) calls; Najarian owns (HPQ), is short (HPQ) calls; Najarian Owns (VRSN) calls; Edwards Owns (VXX)

For Tim Seymour

Seygem Asset Management Is Short (EEM)

For Dennis Gartman
Funds Managed By Dennis Gartman Are Short (GS)
Funds Managed By Dennis Gartman Own (MMM)
Funds Managed By Dennis Gartman Are Short Gold
Funds Managed By Dennis Gartman Are Short British Pound Sterling
Funds Managed By Dennis Gartman Are Short Euros
Funds Managed By Dennis Gartman Are Short Yen
Funds Managed By Dennis Gartman Are Short Australian Dollars
Funds Managed By Dennis Gartman Are Long Canadian Dollars

For Anthony Scaramucci
Scaramucci Owns (BUD), Skybridge Owns (BUD)

For Patty Edwards
Edwards Owns (GLD) for clients
Edwards Owns (INTC) for clients
Edwards Owns (NVDA) for clients
Edwards Owns (HD) for clients
Edwards Owns (HPQ) for clients
Edwards Owns (DELL) for clients
Edwards Owns (MSFT for clients
Edwards Owns (AAPL) for clients
Edwards Owns (GOOG) for clients
Edwards Owns (VIX) for clients
Edwards Owns (SPY) for clients
Edwards Owns (QQQQ) for clients

For Vijay Rakesh
Sterne, Agee & Leach Is A Market Maker In (AAPL)
Sterne, Agee & Leach Has Managed Or Co-Managed An Offering Or Provided Investment Banking Services For (AAPL) In Past 12 Months
Sterne, Agee & Leach Has Security Accounts Open For (AAPL)
Sterne Agee Financial Services Has Clearing Agreements With (AAPL)
Rakesh owns (AAPL)
Sterne, Agee & Leach Or Affiliates Own 1% Or More Of (AAPL)


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