The Traderszone Network

Published in TZ Latest News 21 April, 2015 by The TZ Newswire Staff

‘Flash crash’ market manipulation case poses test for prosecutors

Charges against a high-frequency trader for helping to spark the 2010 “flash crash” present a test of U.S. prosecutors’ ability to win a big market manipulation case and may make other traders nervous they may be next, lawyers said on Tuesday. The charges against Navinder Singh Sarao, 36, drew reactions of astonishment from securities lawyers interviewed by Reuters because criminal charges for market manipulation are so rare.