Sebi bars U.S. firm Jane street for mkt manipulation
Mumbai, July 5 -- Market regulator Sebi temporarily barred Jane Street Group from accessing the securities market for alleged index manipulation, dealing a severe hit to the US firm that made Rs.36,671 crore ($4.3 billion) in trading gains there in more than two years.
Sebi said it would seize Rs.4,843 crore ($570 million) from Jane Street, which it claimed is the total amount of "unlawful gains" made by the firm, according to a 105-page interim order by Ananth Narayan, a board member at the regulator, on its website.
Jane Street said it disputes the findings. P9...
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