Markets regulator Sebi has banned US-based trading firm Jane Street and its entities for allegedly manipulating index levels on expiry days. The entities have been directed to disgorge unlawful gains amounting to ₹4,843.57 crore.
According to Sebi’s interim order, the JS Group made significant profits from index options on NSE between January 1, 2023, and March 31, 2025. Despite warnings and commitments to adhere to regulations, the group continued manipulative trading practices. Sebi’s action underscores the need for vigilance in the securities market to prevent fraudulent activities and protect investors’ interests.
Key highlights:
• Sebi bars Jane Street entities for alleged index manipulation
• Entities directed to disgorge ₹4,843.57 crore in unlawful gains
• JS Group made profits exceeding ₹43,289 crore from index options
• Regulator warns against manipulative trading practices
• Sebi emphasizes the importance of regulatory compliance in the securities market
The regulatory action highlights the importance of maintaining integrity and transparency in India’s financial markets to safeguard investor confidence and market stability.
Source: Business News Today, Latest Finance News | The Hindu