𝘐𝘯𝘥𝘪𝘢'𝘴 𝘚𝘌𝘉𝘐 𝘉𝘢𝘯𝘴 𝘑𝘢𝘯𝘦 𝘚𝘵𝘳𝘦𝘦𝘵: 𝘈 $570 𝘔𝘪𝘭𝘭𝘪𝘰𝘯 𝘉𝘭𝘰𝘸 𝘵𝘰 𝘎𝘭𝘰𝘣𝘢𝘭 𝘛𝘳𝘢𝘥𝘪𝘯𝘨 𝘗𝘰𝘸𝘦𝘳𝘩𝘰𝘶𝘴𝘦 🚫💼
𝘐𝘯𝘥𝘪𝘢’𝘴 𝘚𝘌𝘉𝘐 𝘉𝘢𝘯𝘴 𝘑𝘢𝘯𝘦 𝘚𝘵𝘳𝘦𝘦𝘵: 𝘈 $570 𝘔𝘪𝘭𝘭𝘪𝘰𝘯 𝘉𝘭𝘰𝘸 𝘵𝘰 𝘎𝘭𝘰𝘣𝘢𝘭 𝘛𝘳𝘢𝘥𝘪𝘯𝘨 𝘗𝘰𝘸𝘦𝘳𝘩𝘰𝘶𝘴𝘦 🚫💼 In a landmark interim order on July 3, 2025, the Securities and Exchange Board of India (SEBI) has barred U.S. proprietary trading firm Jane Street from participating in Indian securities markets, citing “manipulative trading practices” that allegedly targeted stock index derivatives to the detriment of smaller investors. 🔎 𝘞𝘩𝘢𝘵 𝘏𝘢𝘱𝘱𝘦𝘯𝘦𝘥? SEBI’s 105-page order accuses Jane Street’s India entities of: “𝐏𝐮𝐦𝐩-𝐚𝐧𝐝-𝐝𝐮𝐦𝐩” strategies around Bank Nifty and Nifty 50 expiries, where the firm inflated index levels by heavy buying in select stocks, then profited via options sales. 𝐄𝐚𝐫𝐧𝐢𝐧𝐠 𝐢𝐥𝐥𝐢𝐜𝐢𝐭 𝐠𝐚𝐢𝐧𝐬 of approximately ₹36,500 crore (US $4.3 billion) between January 2023 and March 2025. 𝐏𝐫𝐨𝐟𝐢𝐭𝐢𝐧𝐠 ₹𝟕𝟑𝟓 𝐜𝐫𝐨𝐫𝐞 in a single day (January 17, 2024) through expiry-day maneuvers SEBI has seize...