British Trader Granted Bail in US Stock Market Fraud Case

A British judge granted bail Wednesday to a stock trader accused of manipulating the U.S. stock market and helping to cause a major index to plummet 600 points in just five minutes in 2010. Navinder Singh Sarao of London was ordered to provide a security bond of $7.4 million — the amount he has in his trading account. He also was ordered to surrender his passport and report to a police station three times a week while he fights extradition to the United States. He was to remain jailed in...

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