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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Jane Street Banned From India After Market Regulator Alleges 'Intra-Day Index Manipulation'

Jane Street Jane Street Group SEBI The Securities and Exchange Board of India
Mumbai,,Maharastra - india-,January,13,2019:,Stock,Market,Building,Located,At

Jane Street Group, a major global proprietary trading firm, has been barred from accessing Indian securities markets after the Securities and Exchange Board of India, the Indian market regulator, issued an interim order alleging manipulation of benchmark indices, including the Nifty 50.

What Happened: SEBI has frozen more than INR 48.43 billion ($580 million) in alleged unlawful gains and directed Jane Street's entities to deposit the amount in an escrow account, pending further investigation.

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