By Lee Brodie, Producer
NEW YORK (CNBC) -- This week marks the one-year anniversary of the 'Flash Crash.'
As you likely remember, on May 6, 2010, an unprecedented drop sent the Dow Jones Industrial Average down some 700 points in minutes before it sharply rebounded -- a rapid breakdown that exposed deep flaws in the mostly electronic U.S. marketplace.
One year later, SEC chair Mary Schapiro says her agency has moved swiftly to implement key reforms, including circuit breakers to dampen stock market volatility; new rules for breaking clearly erroneous trades; rules banning 'naked access' to the market; and a prohibition on stub quotes, or offers to buy or sell stock at prices that are not in line with the prevailing market.
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