
The Securities and Exchange Board of India (SEBI) is reportedly preparing to issue further directives against the prominent global proprietary trading firm, Jane Street. This anticipated move stems from ongoing investigations into the firm's trading activities within the Indian securities market. Sources close to the development suggest that SEBI is actively gathering more evidence and is poised to impose additional measures in the coming days.
The investigation has primarily centered on allegations of manipulative trading practices, particularly within the stock options segment of the market. SEBI's scrutiny aims to determine if Jane Street has engaged in strategies that could be construed as market manipulation or a misuse of its sophisticated trading algorithms.
This escalation follows a recent interim order by SEBI, which had already placed restrictions on Jane Street's participation in specific trading activities related to certain securities. The possibility of further orders indicates that the regulator may have uncovered more substantial concerns or believes the initial actions warrant reinforcement.
While Jane Street has historically been a significant player in global financial markets, its operations in India are now under heightened regulatory observation. The firm has reportedly declined to comment on the specific details of the ongoing investigation. These developments underscore SEBI's commitment to ensuring market integrity and fair trading practices for all participants.
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