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Back in September 2008, I wrote about the latest twist in the saga of Jérôme Kerviel — a comic book created to recount the incredible story of the then-31-year old junior trader who nearly brought down French bank, Société Générale, with his rogue trading. In light of the Kerviel-related events since 2008, including this week, […]
The Justice Department arrested UK trader Navinder Singh Sarao on Tuesday for manipulating markets leading to the 2010 “Flash Crash”, where the Dow Jones industrial average fell 1,000 points in about five minutes before gaining most of it back. via Justice charges UK trader with role in sparking 2010 ‘flash crash’ | New York Post
The SEC alleges trader engaged in an ill-conceived scheme that brought an entire brokerage firm down.