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t was associated with the Glass-Steagall act- may not be exactly the same thing. It is supposed to Monitor the Stock Market, which it does rather loosely. I think there were only two occasions where the SEC mustered enough political muscle to actually ring down- ALL STOP. and suspend trading. this was on the occasion of the Kennedy Assasination ( and a prominent oil-stock fraud going on concurrently)- and more recently, as it directly impacted the Wall Street area- the 911 disaster.

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