Professor Andrew Verstein discusses ’2010 Flash Crash’ culprit and trader spoofing on Bloomberg Radio’s Bloomberg Law segment

Photo of Wake Forest Law Professor Andrew Verstein

Associate Professor Andrew Verstein

Professor Andrew Verstein appeared on the Bloomberg Radio segment, “Bloomberg Law Brief: Trump Taxes and Trader Spoofing (Audio),” on Oct. 3, 2016.  The segment was part of Bloomberg Radio’s “Bloomberg Law,” hosted by June Grasso.

Professor Verstein, with Professor Peter Henning of Wayne State University Law School, discusses Navinder Singh Sarao, the British trader responsible for the trillion-dollar “flash crash” in 2010, and his appeal to the United Kingdom High Court next month.  If Sarao is then sent to the U.S. to stand trial, a 380-year prison sentence could result.

Professor Verstein and Professor Henning also advise how to prevent spoofing in international markets.

The segment also features USC Gould School of Law Professor Edward McCaffery and University of San Diego School of Law Professor Howard Abrams. They discuss Donald Trump’s leaked 1995 tax returns, in which he claimed losses of nearly $1 billion, and his 18-year avoidance of paying federal income taxes.