Jane Street Moves SAT, Seeks Access to Sebi Probe Docs

TWO months after capital markets regulator Sebi had banned Wall Street from the markets with a huge penalty, the Wall Street high-frequency trader on Wednesday moved the Securities Appellate Tribunal (SAT) alleging that the regulator withheld key information while investigating claims of index manipulation by the group.

- BENN KOCHUVEEDAN @ New Delhi

Wall Street has not challenged the punitive actions but sought a direction from the tribunal to direct the regulator to release relevant documents so that it can rebut the allegations of market manipulation against it. The tribunal is set to hear the matter next Monday.

Jane Street and Sebi did not confirm or deny the development, an official with one of the law firms representing the US trader has confirmed the development and the hearing date (Sept 8) to TNIE, but requested not name him or his law firm.