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Jane Street barred from Indian markets as regulator freezes $566 million over Nifty 50 manipulation claims
The Securities Exchange Board of India (SEBI) has barred Jane Street Group from accessing India’s securities market, according to an order posted on the regulator’s website on Friday. The order stated that the U.S. trading firm’s “entities are restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly.” The regulator also issued an interim order to impound over 48.4 billion Indian rupees ($566.3 million) from Jane Street in alleged illegal gains. It further stated that banks have been directed to ensure that ... (full story)