SEC to probe market plunge for illegality

U.S. regulators plan to examine whether securities professionals triggered yesterday’s stock- market plunge or exploited the turmoil to profit illegally, two people with direct knowledge of the matter said.

The Securities and Exchange Commission aims to determine if market participants accidentally or maliciously entered orders that derailed normal trading.

That the SEC is even considering the plunge might have been caused by criminal action shows just how insane our markets have become. No one trusts anything now. And with good reason.