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Informist, Monday, Jul. 21, 2025

 

--SEBI: Jane Street entities said they will comply with regulations

--CONTEXT:SEBI issues updates on Jane Street interim order via press release

--SEBI: Bourses confirmed they will monitor all Jane Street group trades

--SEBI press release implies Jane Street free to trade in securities mkt

 

NEW DELHI – Jane Street entities have confirmed to the Securities and Exchange Board of India they will not engage in fraudulent or manipulative trading, including by dealing in equity cash market and equity derivatives using any of the patterns identified in SEBI's Jul. 3 interim order against them, the market regulator said in a press release Monday. Providing an update on its Jane Street interim order, which had imposed disgorgement of unlawful gains of INR 48.44 billion against four Jane Street group entities, SEBI said the restrictions in its interim order was clear that the trading and other restraints would cease to apply if the disgorgement amount was paid.

 

On Jul. 14 SEBI had in a press release said Jane Street group had deposited the disgorgement amount with SEBI and requested the market regulator to lift certain restrictions imposed by the interim order. This implies Jane Street entities are free to trade in the Indian securities market.

 

SEBI, however, said in Monday's press release that the interim order had clearly stated that the Jane Street entities were directed to cease and desist from engaging in any fraudulent, manipulative or unfair trade practice that may be in breach of current regulations, "including by dealing in securities using any of the patterns identified or alluded to in the interim order."

 

SEBI also said in the press release stock exchanges had confirmed to it that they would monitor closely the trading activity by Jane Street entities on an ongoing basis to ensure they don't indulge in manipulative trading, including by way of patterns specified in the interim order. SEBI's investigation of Jane Street trades is still going on and the scope of probe has also been expanded to include more number of days and trades done by them on all stock exchanges.  End

 

Reported by Rajesh Gajra

Edited by Akul Nishant Akhoury

 

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