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Browse: Home / 2020 / January / 15 / US says ‘flash crash’ trader should not face further prison time | Business | The Guardian

US says ‘flash crash’ trader should not face further prison time | Business | The Guardian

By Securities Docket on January 15, 2020, 5:15 pm

A British trader who was accused of contributing to a multibillion-dollar US stock market crash by playing the markets from his parents’ suburban London home should not serve any further prison time, a prosecutor has recommended.

Navinder Singh Sarao was labelled the “Hound of Hounslow” after being arrested in 2015 for supposedly making $40m (£27m) from his alleged role in the so-called “flash crash” of 2010.

via US says ‘flash crash’ trader should not face further prison time | Business | The Guardian.

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Posted in Criminal, Global, Top | Tagged Sentences, UK

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