Sebi grants conditional relief to Jane Street, asks stock exchanges to monitor activities
SEBI has granted conditional relief to Jane Street, allowing the U.S. trading firm to resume market activities after creating a Rs.4,844 crore escrow account. This follows SEBI's earlier ban due to alleged market manipulation. Stock exchanges are directed to closely monitor Jane Street's dealings to prevent any fraudulent practices, ensuring compliance with SEBI's directives.
Market regulator Securities and Exchange Board of India (Sebi) has given conditional relief to U.S. trading giant Jane Street, allowing it to access the securities market and carry out trading activities.
The regulator has also directed stock exchanges to closely monitor future dealings and positions of JS Group on an ongoing basis, to ensure that the entities do not indulge in any kind of manipulative activity.
