Futures Trader Arrested For Role In May 6, 2010 US Flash Crash
Remember the Flash Crash of 2010?
Remember when the SEC blamed a mutual fund that turned out to be Waddell & Reed? Remember when Nanex looked into Waddell & Reed trades?
Here’s what the SEC said in 2010:
According to the CFTC complaint from this morning, Mr. Navinder Singh Sarao was arrested in the UK:
The SEC has not yet publicly apologized for damages to Waddell & Reed's reputation.
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