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The Economic Times

Sebi says Jane Street’s appeal for more details a delaying ploy

Jane Street SEBI India NSE

India’s markets regulator called Jane Street Group LLC’s demand for additional documents a “dilatory” tactic, a day after the Wall Street trading giant pressed for more information about the origins of the investigation against it.

Gaurav Joshi, a lawyer representing the Securities and Exchange Board of India, opened Tuesday’s arguments with a Hindi proverb that roughly translated to “the thief reprimanding the police,” suggesting that Jane Street was trying to turn the accusations against the regulator. The hearing will continue on Wednesday.

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