Jane Street gets SEBI trade logs as regulator presses firm on manipulation allegations
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Securities and Exchange Board of India shared trade logs with Jane Street Group LLC regarding market manipulation allegations.
- ✓At Monday’s hearing, lawyer Gaurav Joshi said, “the regulator had provided details of the time, quantity and pricing of actual trades.” The firm now faces pressure to respond to these claims.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The Securities and Exchange Board of India (SEBI), the country's market regulator, told a local court that it had shared with Jane Street Group LLC the trade logs it relied on for its preliminary order against the Wall Street trading firm, urging the company to respond to the allegations of market manipulation, Bloomberg reported.
Jane Street has been seeking additional documents and internal emails from the regulator to mount its defence against the interim order. At Monday's hearing, Jane Street's lawyer said SEBI should hand over the trading records used to accuse the firm of manipulating index prices and then profiting from options trading.
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