Skip to content
WorldBrand.AI

Waddell & Reed controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile1 entries

  1. 2010

    Role in the 2010 flash crash

    A joint SEC and CFTC report identified a large automated Waddell & Reed sell order as a contributing factor in the May 2010 flash crash. Later analysis challenged the degree of responsibility attributed to the firm and emphasized the influence of high-frequency trading and broader market conditions.

    Source