Sebi bans Jane Street, says disgorge Rs 4.8k crore

SEBI has banned US-based Jane Street from the Indian market for allegedly manipulating stocks and derivatives, ordering them to return nearly ₹4,850 crore in illegal gains. The firm is accused of strategies involving Bank Nifty stocks and index options to inflate profits. Despite a warning from NSE, Jane Street continued large trading positions.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/4zOwc5j