SEBI order on Jane Street Highlights: India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), has taken strict action against global trading firm Jane Street Group and its related entities. In an interim order issued on July 3, SEBI barred the group from participating in the Indian securities market, citing serious violations of market norms.
The market regulator has estimated that the alleged unlawful profits made by the Jane Street entities amount to Rs 4,843 crore. The regulator has directed the group to deposit the entire sum into an escrow account with a scheduled commercial bank in India.
The ban restricts Jane Street and its affiliated entities from buying, selling, or dealing in any securities, either directly or indirectly until further notice. SEBI’s preliminary findings suggest that the entities engaged in suspicious trading activity that led to unfair gains, raising concerns about market manipulation and regulatory breaches.
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Jane Street Group Live Updates: SEBI cracks down on Jane Street’s ‘Manipulative’ trades
The Securities and Exchange Board of India (SEBI) has barred four entities of the global trading giant Jane Street Group from participating in the Indian securities market. The move comes after SEBI, in a detailed 105-page interim order, accused the firm of executing large, aggressive, and time-sensitive trades in index options – specifically targeting the expiry sessions of Bank Nifty and Nifty. These trades, carried out over 18 trading days, allegedly disrupted market prices and manipulated the system in the firm’s favour.