A UK financial trader has been arrested over claims by the US that he helped cause the 2010 Wall Street "flash crash".
Navinder Singh Sarao, 36, is wanted by the US Department of Justice on charges of wire fraud, commodities fraud and market manipulation, according to the BBC. The US authorities want him extradited to face the charges there. Billions of dollars were wiped off the value of US shares in minutes during the 2010 incident. Separately, US regulators filed civil claims against Sarao, alleging he made $40m (£27m) over five years. It is claimed the trader, from Hounslow, west London, used automated computer programmes to manipulate share prices. Sarao is due to appear at an extraditio...
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