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Sebi Initiates Formal Investigation into Jane Street Amid Continued Complaints
Business Standard
|September 06, 2025
The Securities and Exchange Board of India (Sebi) launched a formal investigation into Jane Street's trading practices even though its surveillance department had recommended otherwise, due to continued complaints from market participants, two sources with direct knowledge of the matter said.
The regulator also believed inadequate data was used in the initial probe into the US high-frequency trading firm, the people said, amid fears it might have manipulated the country's stock and bond markets.
Sebi on July 4 temporarily barred the firm from local markets on allegations of market manipulation, which the company has denied. Sebi imposed a $567 million penalty on Jane Street, which the company has deposited. While it can restart trading in India, it has refrained from doing so, Reuters reported last month.
This story is from the September 06, 2025 edition of Business Standard.
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