UK 'flash crash' trader pleads guilty, faces prison

A London-based trader, who was charged by feds for being behind the 2010 Flash Crash by trading from his parents’ basement, has pled guilty in Chicago Wednesday. Navinder Sarao, 37, who traded on the Chicago Mercantile Exchange from his parents' home near London's Heathrow Airport, pleaded guilty to one count each of spoofing and wire...