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Futures Trader Arrested For Role In May 6, 2010 US Flash Crash

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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.

Posted-In: flash crash Flash Crash 2010 Waddell & Reed FinancialNews Legal Opinion Best of Benzinga

 

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