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 5:15AM EDT

On Tuesday in the United Kingdom, United States law enforcement arrested futures trader Navinder Singh Sarao and froze more than $7 million of his assets in banks around the world.

Michael Maiello

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How One Man Crashed the Stock Market

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.

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Michael Maiello