INSUBCONTINENT EXCLUSIVE:
Market regulator Sebi on Friday barred Jane Street Group from India's securities market and ordered a freeze on Rs 4,840 crore in alleged
But the move was not sudden; it followed a 15-month-long trail of regulatory scrutiny, caution letters, and what Sebi described as repeated
disregard by the U.S.-based trading firm
came in April 2024, triggered by media reports referencing a legal dispute in the US
the trading activity of the Jane Street Group (JS Group) to determine whether there was market abuse involved.Sebi officials met with the
announcing policy steps to curb overtrading on expiry days, a structural issue the regulator was beginning to link to the strategies
violation of its PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations by Jane Street.Two days later, NSE, acting on
These positions appeared similar to the ones flagged earlier, prompting the regulator to prepare enforcement action.July 4, 2025: Sebi
directed the impounding of Rs 4,840 crore in alleged illegal gains.The regulator also instructed banks to freeze withdrawals from accounts
linked to Jane Street Singapore, JSI Investments Pvt Ltd, JSI2 Investments Pvt Ltd, and Jane Street Asia Trading Ltd.What Sebi foundSebi
alleged that Jane Street repeatedly used high-volume, cross-segment strategies to distort index levels of Bank Nifty and Nifty 50 during
involved buying Rs 4,370 crore worth of Bank Nifty stocks on the morning of January 17, 2024, to inflate the index, only to unwind the
4,840 crore in alleged unlawful gains, directing banks to freeze any debit transactions from Jane Street-linked accounts without its
2025, with Rs 43,289 crore coming from index options.The firm allegedly deployed these manipulative strategies on all 18 expiry days SEBI
misled retail traders into dealing at distorted prices
trading firm Jane Street from Indian markets, orders Rs 4,840 crore freeze over alleged Nifty manipulationWhile the NSE had closed its probe
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