Market Overview

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

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


Related Articles

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at