{"id":1629,"date":"2015-04-22T18:44:38","date_gmt":"2015-04-22T18:44:38","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/04\/trader_blamed_in_2010_flash_cr"},"modified":"2022-05-19T13:24:28","modified_gmt":"2022-05-19T18:24:28","slug":"trader-blamed-in-2010-flash-cr","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/trader-blamed-in-2010-flash-cr\/","title":{"rendered":"Trader Blamed in 2010 Flash Crash is Arrested in London"},"content":{"rendered":"<p>Almost five years after the 20-minute Flash Crash when the Dow Jones Industrial Average plunged nearly 600 points and then quickly rebounded, the U.S. Department of Justice has arrested trader Navinder Singh Sarao. He is accused of allegedly playing a major part in the brief turmoil because of his involvement in a number of market manipulating trades.<\/p>\n<p>The crash, on May 6, 2010, caused certain stocks to trade at a penny before thousands of trades were cancelled and placed substantial downward pressure on shares of big companies. The Flash Crash generated a lot of worries about just how stable the U.S. stock markets were and triggered scrutiny into high frequency trading firms and electronic trading venues.<\/p>\n<p>Now, following a joint probe with the Commodity Futures Trading Commission, the DOJ is putting a lot of blame for the crash on Sarao. He is accused of multiple counts of commodities manipulation, one count of wire fraud, and one count of spoofing. Sarao&#8217;s alleged manipulation took place over a number of years up, including up through this month.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/trader-blamed-in-2010-flash-cr\/\"  title=\"Continue Reading Trader Blamed in 2010 Flash Crash is Arrested in London\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Almost five years after the 20-minute Flash Crash when the Dow Jones Industrial Average plunged nearly 600 points and then quickly rebounded, the U.S. Department of Justice has arrested trader Navinder Singh Sarao. He is accused of allegedly playing a major part in the brief turmoil because of his involvement in a number of market [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3810],"tags":[3511],"class_list":["post-1629","post","type-post","status-publish","format-standard","hentry","category-broker-fraud","category-cftc","tag-flash-crash"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trader Blamed in 2010 Flash Crash is Arrested in London &#8212; Investor Lawyers Blog &#8212; April 22, 2015<\/title>\n<meta name=\"description\" content=\"Almost five years after the 20-minute Flash Crash when the Dow Jones Industrial Average plunged nearly 600 points and then quickly rebounded, the U.S. &#8212; April 22, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/trader-blamed-in-2010-flash-cr\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Trader Blamed in 2010 Flash Crash is Arrested in London &#8212; 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