What can one lone trader at home achieve?

[DimPrawn]

Indeed. Its like tax avoidance. As long as the rich do it then fine. But when the poor start there is a clampdown.

^ This

[BlasterBates]

More detailed info

http://www.justice.gov/sites/default..._complaint.pdf

[SueEllen]

You know the thing that got me most about this story?

He hid his money from his parents, so his mother had to work 2 jobs to support herself and his OAP father.

[SantaClaus]

You know the thing that got me most about this story?

He hid his money from his parents, so his mother had to work 2 jobs to support herself and his OAP father.

I can only think that this guy's brain was wired differently to most of ours. He didn't have a flash car, wore a tracksuit every day, visited strip clubs, didn't have a girlfriend.

Whilst he has become a day trader's hero - us against them sort of thing - I don't envy him.

[Zero Liability]

That, plus not knowing anything about his mother, it's not really possible to pass comment. There are plenty of utterly terrible mothers out there.

Indeed. Its like tax avoidance. As long as the rich do it then fine. But when the poor start there is a clampdown.

Well that, and a good deal of know thy place, even for the rich, as Labour has demonstrated in spades. It's all good if you're a champagne socialist, though.

[SantaClaus]

Another excellent article from Zero Hedge:

Why Nav Sarao Had To Be Destroyed: He Found A Way To Beat The HFTs At Their Own Game | Zero Hedge

Explains why the "little people" are not allowed to partake in games belonging to the elite, whether it's algo trading or tax avoidance.
Also explains what Nav did to avoid getting spoofed.

[Zero Liability]

Another from the same site.

[vetran]

so basically they are saying one cow's farts are causing global warming?

£25 million its ant droppings.

https://www.youtube.com/watch?v=2J1BASn-p8c

[SueEllen]

That, plus not knowing anything about his mother, it's not really possible to pass comment. There are plenty of utterly terrible mothers out there.

If his mother was that bad he could have moved out and/or found a wife. Though if he's that mean he would just do the former.

[BrilloPad]

Flash Crash trader: 'I did nothing wrong' - BBC News

Mr Sarao denies the charges but was remanded in custody for the third time after failing to raise £5.05m in bail. His lawyers' request that bail be lowered to £50,000 was refused.

His legal team told Westminster Magistrates' Court he had been unable to raise the funds required by US authorities because they had frozen his assets.

They really want to hang him out to dry.