The Securities and Exchange Board of India (SEBI) has prohibited U.S.-based investment firm Jane Street from operating in Indian securities markets due to alleged manipulation of the Bank Nifty index, resulting in an unlawful profit of ₹4,843 crore. According to SEBI’s order, Jane Street Group’s entities engaged in unlawful practices to influence market prices. Key highlights include:
• Jane Street manipulated Bank Nifty, earning ₹4,843.6 crore unlawfully.
• SEBI found evidence of aggressive buying and selling activities by the group.
• Small investors were misled by these actions.
• Jane Street built bearish positions in Bank Nifty index options.
This development raises concerns about market integrity and investor protection in India’s financial landscape.
Source: Business News Today, Latest Finance News | The Hindu