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Flash Crash Trader Hit with $38M+ in Sanctions

November 23, 2016 by Louis Chunovic

Flash Crash Trader Hit with $38M+ in Sanctions

Navinder Singh Sarao, the U.K. resident known as the “Flash Crash Trader,” has been ordered by a U.S. court to pay a $25,743.174.52 civil monetary penalty and $12,871,587.26 in disgorgement for multiple charges of futures market manipulation. Sarao was extradited from the U.K. to the U.S., where he faced criminal charges for the same acts…. Read More >>

Filed Under: General Interest, AML/Fraud/Financial Crime, Regulation & Compliance, Industry News Tagged With: Bloomberg, CFTC, CME, Dow Jones, Flash Crash, Globex, guilty, Nav Sarao Futures Ltd., Navinder Singh Sarao, PLC, sanctions, trader

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