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Mkt regulator refuses more data to Jane Street as probe deepens
Business Standard
|September 10, 2025
SAT admits US trading firm's plea; next hearing on Nov 18
The Securities and Exchange Board of India (Sebi) on Tuesday told the Securities Appellate Tribunal (SAT) that no further data would be shared with Jane Street, citing the ongoing and expanding scope of its investigation against the US-based trading firm. A three-member SAT Bench, led by Justice PS Dinesh Kumar, admitted appeals filed by Jane Street and its group entities. It directed Sebi to explain within three weeks why documents sought by the firm cannot be disclosed.
Jane Street may file its rejoinder in the following three weeks. The matter will be heard again on November 18. The case is being closely tracked for its potential implications on India's derivatives market.
Meanwhile, Jane Street's personal hearing in relation to Sebi's July 3 ex-parte interim order, earlier set for September 15, has been adjourned.
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