Jane Street Appeals SEBI Market Manipulation Charges in India
· Business · Economic Times
Jane Street Group LLC is appealing against allegations of market manipulation by the Securities and Exchange Board of India. The Wall Street firm told a tribunal that stocks in the NSE Nifty Bank Index rose or fell irrespective of its trading activity. The dispute centres on SEBI's July 2025 order, which included the seizure of 48.4 billion rupees ($503 million) in alleged ill-gotten gains. Jane Street has deposited the funds but has not yet resumed trading in India. The firm is seeking additional information regarding the origins and conduct of the investigation.
Why it matters
The case serves as a key test of SEBI's enforcement powers and is being closely watched by global trading firms operating in India's derivatives markets.
Read the original report — Economic Times
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