Sarao Flash Crash Manipulation Case Benchmarks Point In History as Coscia Appeals DecisionMark Melin
As Navinder Sing Sarao arrived in Chicago to face market manipulation charges, the 37-year old UK resident accused of helping accelerate the 2010 flash crash who told regulators to “kiss my ass” after the event that briefly wiped out nearly $1 trillion in market value stands as a benchmark in financial history. Sarao was warned by regulators his behavior could be illegal and continued nonetheless. Not only does the case mark a point where deterrence was acknowledged as weak if non-existent, legal analysts point out, but it . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible