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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 counts of commodities fraud, 10 counts of commodities manipulation, and one count of spoofing (which is when a trader places a bid or offer with the intent to cancel before execution).

Sarao was arrested Tuesday in the U.K., and the U.S. is requesting his extradition, the DOJ said. The charges were filed in a federal complaint in February, but were unsealed today following the arrest.

The Commodity Futures Trading Commission also filed parallel civil charges against Sarao on Tuesday, calling him a "very significant player in the market."

 

 

 

Indian aaa? :O

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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 counts of commodities fraud, 10 counts of commodities manipulation, and one count of spoofing (which is when a trader places a bid or offer with the intent to cancel before execution).

Sarao was arrested Tuesday in the U.K., and the U.S. is requesting his extradition, the DOJ said. The charges were filed in a federal complaint in February, but were unsealed today following the arrest.

The Commodity Futures Trading Commission also filed parallel civil charges against Sarao on Tuesday, calling him a "very significant player in the market."

 

 

 

Indian aaa? :o

Wolf of Wall street..Felix_thinking.gif

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Fck fck fck.. Pothane undi kada mayya .. Fckkkk #KATHARCARE g009_idi_amin_laughing_soldier.gif

Manam idhe last week nundi talking.. tokkalodhi appudu konna bagundu.Felix_thinking.gif

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Fckkkkkkkk shld have bought some this morning fckkkk #KATHARCARE g009_idi_amin_laughing_soldier.gif

 

same feeling market paduthundhi ante.... I expected it to come down kani  assal thaggatle

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Fckkkkkkkk shld have bought some this morning fckkkk #KATHARCARE g009_idi_amin_laughing_soldier.gif

adhe kadha.. Nuvvu koni unte nenu konestunde..Felix_thinking.gif

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Last Week dhintlo Sagam undhi.. anthaku mundu week dantlo Sagam.. Lol.1q Lol.1q

 

God Please take us 2 Weeks back.. Unnadhi antha Ammi dhintlo pedutha..Felix_thinking.gif

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Manam idhe last week nundi talking.. tokkalodhi appudu konna bagundu.Felix_thinking.gif

Without risk no reward.. Without stepping in we won't win the fight.. Fckkkk day antha inka chirak 10gthadi #KATHARCARE g009_idi_amin_laughing_soldier.gif
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same feeling market paduthundhi ante.... I expected it to come down kani assal thaggatle

Mana sudi konakapothe emo perugthane untadi kondam ani decide ayyi konna daggarnunchi pdathadi.. FML #KATHARCARE g009_idi_amin_laughing_soldier.gif
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