U.K. Trader Accused of Manipulation Tied to 2010 Flash Crash

April 21, 2015 6:02 PM

60 0

A U.K. futures trader contributed to the May 2010 flash crash by engaging in illegal bait-and-switch practices, according to U.S. authorities.

The trader, 37-year-old Navinder Singh Sarao, was arrested in the U.K. Tuesday, and the U.S. is seeking his extradition, the Justice Department said in a statement. Sarao of Hounslow, U.K., who ran his own trading shop, was charged with wire and commodities fraud in a criminal complaint filed in fed...

Read more

To category page