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Ex-SEC chairman says another 'flash crash' possible

Storm clouds

It's been five years since the "flash crash" wiped out trillions of dollars in a matter of minutes. But despite a slew of new regulatory measures designed to prevent such an incident from occurring again, a former head of the SEC said the chances of another "flash crash" happening again are quite "high."

JPMorgan receives subpoenas

SEC Building

JPMorgan received subpoenas and inquiries from the U.S. Securities and Exchange Commission and other regulators about how it sells its own mutual funds and other proprietary products.