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In April 2015, Navinder Singh Sarao, an autistic [64] [65] London-based point-and-click trader, [66] was arrested for his alleged role in the flash crash. According to criminal charges brought by the United States Department of Justice , Sarao allegedly used an automated program to generate large sell orders, pushing down prices, which he then ...
The mechanism causing the event has been heavily researched and is in dispute. On April 21, 2015, the U.S. Department of Justice laid "22 criminal counts, including fraud and market manipulation" against Navinder Singh Sarao, a trader. Among the charges included was the use of spoofing algorithms. [10]
Government prosecutors and defense lawyers described the 41-year-old Navinder Singh Sarao as autistic in memos filed before sentencing in Chicago federal court. Autistic futures trader who ...
In the U.S. Department of Justice April 21, 2015 complaint of market manipulation and fraud laid against Navinder Singh Sarao, [20] — dubbed the Hounslow day-trader [21] — appeared "to have used this 188-and-289-lot spoofing technique in certain instances to intensify the manipulative effects of his dynamic layering technique...The purpose ...
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Business and economy Israeli generics giant Teva Pharmaceutical offers $4 billion to acquire US rival Mylan. (Economic Times) Disasters and accidents Australian east coast low Three people have died in floods in the Australian town of Dungog, New South Wales as heavy rains and cyclonic winds hits the state of New South Wales causing widespread flooding, loss of power to over 100,000 homes and ...
U.S. prosecutors asked a federal appeals court on Wednesday to pause their bid to revive the criminal case accusing President-elect Donald Trump of illegally handling classified documents, citing ...
Health officials in Europe are investigating Ozempic and the trendy drug’s possible link to an eye-rotting condition that causes blindness. On Dec. 17, the European Medicines Agency announced ...