Many of you remember the May 6th 2010 Flash Crash. Many of you remember that the CFTC arrested the UK’s Navinder Sarao and pegged him as having cause that Flash Crash. He pleaded guilty in November 2016 and pledged to cooperate with the CFTC. We wrote about Navinder Sarao to you several times: The UK Flash Crash Spoofer Case Brings More Questions Than Answers Where Were the Regulators? Enforcement? Some interesting snippets from our prior notes on Sarao: Considering the thousands of traders around the globe that have access to much more sophisticated software and hardware, we have to believe that Sarao (more…)
Jan, 2018 Flash Crash Spoofer Aids CFTC in Finding Other Spoofers, Which Include Big Banks and People Who Served on the CFTC’s Technology Advisory Committee. Wait What?