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U.S. securities brokers would be more closely scrutinized by accountants and be subject to stricter rules for how they handle their customers' assets under a plan proposed by federal regulators on Wednesday.

U.S. securities regulators are considering new curbs to slow stock trades when markets are plunging following Thursday's dramatic sell-off, a person familiar with the matter said on Saturday.

The SEC voted 3-2 to approve a long-anticipated short-selling rule to place curbs on the practice for individual securities experiencing declines of 10% or more in a single day.

The SEC chairman said the agency is conducting a "wholesale review" of the securities-lending marketplace.

Bank of America and other big institutions plan to enforce a cutoff, making it harder to cash vouchers. To protect IOU holders from third-party speculators, the SEC defines the vouchers as securities.