Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Indian regulator temporarily bans Jane Street from dealing securities
Economy

Indian regulator temporarily bans Jane Street from dealing securities

Last updated: July 3, 2025 11:57 pm
Share
Indian regulator temporarily bans Jane Street from dealing securities
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

India’s stock market regulator has temporarily banned Jane Street from dealing securities in the country, accusing the New York-based trading firm of a “sinister scheme” to manipulate derivatives markets.

The Securities and Exchange Board of India said its decision to limit Jane Street’s access to India’s securities markets stemmed from a months-long investigation.

“JS Group was undertaking an intentional, well planned, and sinister scheme and artifice to manipulate cash & futures markets and hence manipulate the BANKNIFTY [Indian bank stocks] index level, to entice small investors to trade at unfavourable and misleading prices, and to the advantage of the JS Group,” the regulator said in its interim order.

“Entities are restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly,” it added.

The regulator has asked Jane Street to put $550mn of “illegal gains” in an escrow account, the statement said. If this money is transferred, a person close to the investigation said, the ban could be lifted. Under Indian law, the company could ultimately face a fine up to three times that amount.

Jane Street, one of the largest foreign traders in India’s securities market, has made billions of dollars in recent years from trading options in the country. The group’s global trading revenue last year nearly doubled to more than $20bn, helping it generate profits rivalling those of Goldman Sachs and Morgan Stanley.

See also  In 'Bourdon Street Chippy,' Lucy Sparrow Celebrates a British Culinary Institution in Felt — Colossal

In April 2024, the firm sued hedge fund Millennium Management and two former Jane Street employees for allegedly stealing trade secrets by employing a strategy that lawyers for Millennium and the two traders said was focused on India’s options market. The parties settled in December.

The lawsuit drew Sebi’s attention to Jane Street’s trading activities, the regulator said in the interim order published to its website and dated on Thursday.

Sebi last year raised barriers on derivatives trading to curb a frenzy of retail investors piling into the risky market, with 90 per cent of retail investors losing money on the trades last year, according to the regulator. India accounted for nearly 89 per cent of equity options trade volume globally last year, according to the Futures Industry Association.

In its order on Thursday, Sebi said its findings pointed to Jane Street manipulating India’s Nifty Bank index “by aggressively influencing the underlying cash and futures market with significant volumes” close to the day the stock index options expire.

“This in turn can allow them to put on significantly larger and profitable positions in the highly liquid index options market by misleading and enticing large numbers of smaller individual traders,” said the regulator, noting that doing so would violate its rules against fraudulent and unfair trade practices.

By February, Sebi officials had determined that Jane Street “appeared to be engaging in activities in violation” of the regulator’s rules on fair trading and issued a letter of caution to the company.

Sebi said Jane Street appeared to be operating “in disregard of the caution letter” as recently as May 15. Jane Street has 21 days to object to the order and request a hearing, said the regulator.

See also  Xiaomi takes aim at Tesla's bestselling car in China with its longer-range YU7

“Jane Street disputes the findings of the SEBI interim order and will further engage with the regulator,” said a spokesperson for the firm.

“Jane Street is committed to operating in compliance with all regulations in the regions we operate around the world.”

India Business Briefing

The Indian professional’s must-read on business and policy in the world’s fastest-growing big economy. Sign up for the newsletter here.

TAGGED:BansDealingIndianJaneRegulatorSecuritiesStreettemporarily
Share This Article
Twitter Email Copy Link Print
Previous Article A million tiny cows A million tiny cows
Next Article Former Toledo city council member Mike Ferner chucks cow’s blood on US mission in gory stunt, but New Yorkers were unfazed Former Toledo city council member Mike Ferner chucks cow’s blood on US mission in gory stunt, but New Yorkers were unfazed
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Musk orders US federal workers to report on work by Monday or resign

The Trump administration sent urgent emails to US federal government employees on Saturday evening, demanding…

February 23, 2025

Making the Holidays More Sustainable

The holiday season is often a time of joy and celebration, but it can also…

December 10, 2024

Ex-NYPD Commish Ray Kelly warns about electing Mamdani mayor

Ex-NYPD Commissioner Ray Kelly recently expressed his concerns about the potential election of socialist mayoral…

August 10, 2025

Electric fans fail to lower core body temperature of seniors during heat waves, study finds

A recent study conducted by physiologists at the University of Ottawa's Human and Environmental Physiology…

October 30, 2024

NYC crime plunges in January compared to 2024: NYPD report

Crime rates in New York City saw a significant decrease in the first month of…

February 4, 2025

You Might Also Like

Peter Schiff Describes Bitcoin’s Jump Over 6,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’
Economy

Peter Schiff Describes Bitcoin’s Jump Over $126,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’

October 10, 2025
Veteran analyst drops sharp take on GTA 6 hype
Economy

Veteran analyst drops sharp take on GTA 6 hype

October 10, 2025
Nvidia’s Jensen Huang Says AI Demand Is Up ‘Substantially’ This Year, and Still Growing
Economy

Nvidia’s Jensen Huang Says AI Demand Is Up ‘Substantially’ This Year, and Still Growing

October 10, 2025
Gold, Silver, and U.S. Stocks Are All at Record Highs. What Gives?
Economy

Gold, Silver, and U.S. Stocks Are All at Record Highs. What Gives?

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?