'Flash crash' market manipulation case poses test for prosecutors

April 21, 2015 11:45 PM

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'Flash crash' market manipulation case poses test for prosecutors

NEW YORK (Reuters) - Charges against a high-frequency trader for helping to spark the 2010 "flash crash" present a test of U.S. prosecutors' ability to win a big market manipulation case and may make other traders nervous they may be next, lawyers said on Tuesday.

The charges against Navinder Singh Sarao, 36, drew reactions of astonishment from securities lawyers interviewed by Reuters because criminal charges for market manipulation are so rare.

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