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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST

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To: Maurice Winn who wrote (106025)4/21/2015 10:23:46 PM
From: Snowshoe  Read Replies (2) of 219947
 
>>Meanwhile, the Flash Crash remains a puzzle to some people.<<

They finally busted someone for it! ...

Trader Arrested for Manipulation That Contributed to 2010 ‘Flash Crash’
nytimes.com

APRIL 21, 2015

Five years ago, the global financial system was rocked by the “flash crash,” 15 minutes of chaos that shook the world’s biggest markets and prompted investors both big and small to question how such a vital part of the economy could be brought to its knees.


On Tuesday, prosecutors said that much of the blame for the event could be pinned on a single person: a 36-year-old man who had been boldly manipulating markets from his suburban rowhouse just a few minutes from Heathrow Airport outside London, where he was arrested.

Regulators said that their prosecution of the trader, Navinder Singh Sarao, demonstrated their aggressiveness in rooting out market manipulation. But news of the arrest, if anything, has raised anew concerns about how an individual could manage to exert such influence over the world’s financial markets.
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