Jane Street Fights Back Against SEBI Ban, Denies Stock Index Manipulation

Global trading firm Jane Street has responded to the Securities and Exchange Board of India’s (SEBI) ban and disgorgement order, firmly denying allegations of stock index manipulation. SEBI recently barred the firm from participating in the securities markets and ordered it to disgorge ₹4,843 crore in alleged unlawful gains.

Jane Street Contests Findings, Commits to Compliance

The firm maintains it operated within regulatory guidelines and is committed to complying with all applicable laws. Jane Street strongly disputes SEBI’s findings and is challenging the ban, asserting its commitment to ethical trading practices.

Disgorgement Order Under Dispute

The substantial disgorgement order of ₹4,843 crore is a key point of contention. Jane Street is actively working to contest this order as part of its broader defense against the SEBI ruling. The firm believes the order is unjustified and based on a misinterpretation of its trading activities.