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- Common Sense
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Offline - Registered: 2/16/2015
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UK trader charged for manipulation contributing to 2010 flash crash
UK trader charged for manipulation contributing to 2010 flash crash
A high-frequency futures trader has been charged with illegally manipulating the stock market, contributing to the May 2010 "flash crash," according to documents unsealed Tuesday.The Justice Department charged the United Kingdom's Navinder Singh Sarao with wire fraud, 10 counts of commodities fraud, 10 counts of commodities manipulation and one count of spoofing (which is when a trader places a bid or offer with the intent to cancel before execution).Sarao was arrested Tuesday in the U.K., and the U.S. is requesting his extradition, the DOJ said. The charges were filed in a federal complaint in February, but were unsealed Tuesday following the arrest.
Last edited by Common Sense (4/22/2015 9:13 am)
“We hold these truths to be self-evident,” former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”
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