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 . . .
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