Flash Crash Suit by Regulator on Hold as Extradition Sought
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The Commodity Futures Trading Commission’s lawsuit against the British trader accused of contributing to the 2010 flash crash was put on hold while U.S. prosecutors seek his extradition to face related charges.
London trader Navinder Singh Sarao is accused in the U.S. of spoofing the CME Group Inc. stock futures market to make about $40 million over four years.