Michael Maiello - The Daily Beast

Posted by Aldo Pusey on Thursday, June 20, 2024

How One Man Crashed the Stock Market

Flash Crash

The government says Navinder Singh Sarao’s market manipulation caused the 2010 Stock Market “Flash Crash,” which had the Dow plummeting 1,000 points in minutes. Sarao was allowed to trade for four more years after the crash—and it’s proof the markets can’t, in fact, police themselves.

Published Apr. 22, 2015 

ncG1vNJzZmivp6x7tbTEnZiipKmXsqK%2F02eaqKVflsK1tM6rZqahk52upriMppiinZyhvA%3D%3D