On the ongoing incarceration of Trader Sarao…

For the eighth time in eight weeks, futures day trader Navinder Singh Sarao was driven from London’s Wandsworth prison to appear in court on Tuesday and hear that his latest application to vary his bail conditions had been turned down. He faces life in a US jail, several times over, for the supposed crime of “spoofing.”

But look how the US authorities actually deal with repeat offenders of such disorderly market activity…