INSUBCONTINENT EXCLUSIVE:
Market regulator Securities and Exchange Board of India (Sebi) may widen its probe into Jane Street by examining trades across multiple
indices and exchanges, ET Now reported on Friday, citing sources
However, nearly 90% of investors still continue to incur losses, the report said.Read More: Explained: What is Jane Street and how it made
Rs 36,500 crore profit by gaming Dalal StreetOn Thursday, the market watchdog issued a 105-page order imposing comprehensive interim
restrictions on Jane Street pending a detailed investigation
Jane Street entities are completely restrained from accessing securities markets and prohibited from buying, selling, or dealing in
securities directly or indirectly.
Live EventsThe regulator also ordered impounding of Rs 4,843.57 crore in unlawful gains, requiring Jane
Street to deposit this amount in an escrow account with a lien in favor of SEBI
All bank accounts, demat accounts, and custodial accounts are frozen, with no debits allowed without Sebi permission (though credits can be
accepted).The entities also cannot dispose of or alienate any assets in India until the unlawful gains are deposited in the escrow
account.Sebi has given Jane Street 21 days to file objections and it can request a personal hearing
The interim restrictions remain in force until further orders from SEBI.Meanwhile, the stock exchanges have been directed to closely monitor
any future dealings by Jane Street to ensure they don't engage in manipulative activities using the patterns identified in the order.Also
suggestions, views and opinions given by the experts are their own
These do not represent the views of Economic Times)
