Sarao Loses Bail Appeal as Judge Says He Is a ‘Flight Risk’
May 20th, 2015
Navinder Singh Sarao lost a bid to secure bail while he fights extradition to the U.S. on market-manipulation charges as a judge said the 36-year-old trader was a clear flight risk. Judge Ross Cranston refused to remove or reduce ...
London ‘flash crash’ trader faces up to 30 years in US jail after admitting to spoofing
November 10th, 2016
Navinder Singh Sarao, who operated from parents’ UK home, also agreed to pay US government $12.8m. A trader who operated from his parents’ home in London faces up to 30 years in jail in the US, after pleading guilty ...
CFTC Releases Annual Enforcement Results for Fiscal Year 2015
November 9th, 2015
Agency Filed 69 Enforcement Cases and Achieved a Record $3.14 Billion in Civil Monetary Penalties Ordered The U.S. Commodity Futures Trading Commission (CFTC) today released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 ...
New Details on Flash Crash Trader Legal Case
September 7th, 2015
Flash Crash Trader E-Mails Show Spoofing Strategy, U.S. Says Failed orders are `costing me,’ Sarao said to tell programmer Indictment’s new details seen bolstering U.S. extradition case The British day trader accused of contributing to the 2010 flash crash ...
British Trader Charged in ‘Flash Crash’ Released After Bail Reduction
August 17th, 2015
Navinder Singh Sarao, the British futures trader charged by United States authorities with contributing to a sudden plunge in American stock markets five years ago, was assigned a reduced bail at a court hearing on Friday, allowing him to ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
Flash crash trader to face court again
April 29th, 2015
A UK financial trader accused of contributing to the 2010 Wall Street “flash crash” is due to appear in court again on Wednesday. Navinder Singh Sarao, who first appeared at Westminster Magistrates’ Court last Wednesday when he said he ...
UK trader charged for manipulation contributing to 2010 flash crash
April 22nd, 2015
A high-frequency futures trader has been charged with illegally manipulating the stock market, contributing to the May 2010 “flash crash,” according to documents unsealed Tuesday. The Justice Department charged the United Kingdom’s Navinder Singh Sarao with wire fraud, 10 ...
