Futures Trader Arrested For Role In May 6, 2010 US Flash Crash

Remember the Flash Crash of 2010?

Remember when the SEC blamed a mutual fund that turned out to be Waddell & Reed? Remember when Nanex looked into Waddell & Reed trades?

Here’s what the SEC said in 2010:

According to the CFTC complaint from this morning, Mr. Navinder Singh Sarao was arrested in the UK:

The SEC has not yet publicly apologized for damages to Waddell & Reed's reputation.