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SEC Approves New Stock-by-Stock Circuit Breaker Rules
FOR IMMEDIATE RELEASE
2010-98
Washington, D.C., June 10, 2010 — The Securities and Exchange Commission today approved rules that will require the exchanges and FINRA to pause trading in certain individual stocks if the price moves 10 percent or more in a five-minute period. The rules, which were proposed by the national securities exchanges and FINRA and published for public comment, come in response to the market disruption of May 6.

As of right now, they are only extending this "new rule" to S&P 500 but may consider extending it to other exchanges in the future.

Now, think about that with regard to otc's....on a subpenny, that could be ONE trade...lol. Sounds deadly for daytrading.

http://www*sec*gov/news/press/2010/2010-98.htm