The 2010 ‘flash crash’ now has a criminal suspect

April 22, 2015 2:13 PM

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The 2010 ‘flash crash’ now has a criminal suspect

WASHINGTON (MarketWatch) — The 2010 “flash crash” — in which the Dow industrials sank by around 1,000 points before quickly recovering — has been debated for years. But on Tuesday the U.S. for the first time filed a criminal charge relating to it.

The Justice Department on Tuesday unsealed charges, and sought extradition, of a Brit who conducted day trading in futures contracts from his London home. The Commodity Futures Trading Commission also filed civil charges against Navinder Singh Sarao and his company.

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