India’s markets regulator on Tuesday said the investigation and final order on Jane Street could be much wider, adding that it will not release any documents that were not relied upon for passing the order in the case. Last week, Jane Street filed an appeal against the Securities and Exchange Board of India (SEBI), seeking … Read more
Market regulator Securities and Exchange Board of India (Sebi) has directed exchanges to de-freeze Sanjiv Bhasin‘s trading and demat accounts after the former IIFL director deposited Rs 1 crore with the Sebi in compliance with the Securities Appellate Tribunal (SAT). The SAT’s August 1 order came on an appeal filed by Bhasin against a Sebi … Read more
Shares of Nuvama Wealth Management have dropped 6.5% over two sessions, hit by investor concerns following income tax search operations at the firm’s offices in connection with the Jane Street market manipulation probe. The stock slid as much as 4.1% on Friday to Rs 6,931.75 on the BSE, extending Thursday’s fall, as regulatory heat around … Read more
The markets regulator Securities and Exchange Board of India (SEBI), on Friday barred U.S.-based trading giant Jane Street Group and its affiliates from accessing the country’s securities market, accusing the firm of deploying manipulative strategies to distort the Nifty 50 index and rake in massive profits from derivatives. In a scathing 105-page interim order, SEBI … Read more
Markets regulator Sebi has barred Bollywood actor Arshad Warsi, his wife Maria Goretti, and 57 other entities from the securities markets for 1-5 years in a case related to misleading videos on YouTube channels recommending investors to buy shares of Sadhna Broadcast. The regulator imposed a fine of Rs 5 lakh each on Warsi and … Read more