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Jane Street ban: US trading firm barred by SEBI from accessing India's securities market; case relates to alleged index manipulation
The Securities and Exchange Board of India (SEBI) has barred Jane Street, a US trading firm, from participating in the Indian securities market following an investigation into suspected manipulation through equity derivatives positions. SEBI also plans to recover 48.4 billion rupees from Jane Street, claiming the firm obtained the funds through improper practices.
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