Reported about 10 hours ago
India's Securities and Exchange Board has temporarily banned Jane Street Group from its securities market over allegations of index manipulation, which reportedly resulted in $4.3 billion in gains for the firm. This ruling, which includes the seizure of $570 million in alleged unlawful profits, marks a notable action against a foreign entity in India's rapidly growing derivatives market. Jane Street disputes the regulator's findings and plans to contest the order.
Source: YAHOO