'Flash crash' trader's ex-employer had no concerns about him

April 24, 2015 6:55 PM

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April 24 (Reuters) - Futex, the trading firm that for five years employed the Briton accused of fraud and market manipulation by U.S. authorities related to the May 2010 'flash crash,' had no concerns about his trading during his tenure, the firm said in a statement Friday.

Futex, based in Woking, southwest of London, said that Navinder Singh Sarao worked at the company from early 2003 until early 2008, and there were "no incidents of any impropriety during his time with Futex," they said in a statement.

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