Archive · 17 Nov 2025
SEBI to Argue Against Jane Street's Data Request
India's stock market regulator, SEBI, is going to court to say they don't want to give more secret papers to a trading company called Jane Street.
Jane Street wants these papers to fight a trading ban, but SEBI thinks Jane Street is just trying to waste time and might mess up their investigation if they give the papers.
SEBI to argue in court against Jane Street's data request this week
Jane Street appeals trading ban, seeks additional data and documents
SEBI alleges Jane Street manipulated banking index, causing retail investor losses
Jane Street denies allegations, deposited penalty to resume trading
SEBI believes Jane Street's request is a delaying tactic, could compromise investigation
- Who
- Securities and Exchange Board of India (SEBI) and Jane Street
- What
- SEBI plans to argue against Jane Street's request for additional data and documents related to a market manipulation probe and trading ban appeal
- When
- This week
- Where
- India's Securities Appellate Tribunal (SAT)
- Why
- SEBI alleges Jane Street manipulated a banking index, causing retail investor losses, and views Jane Street's data request as a delaying tactic that could compromise its investigation
SEBI's Stance
Jane Street's Stance
Data Disclosure and Investigation Integrity
SEBI's Stance
SEBI will argue in court that providing additional data and documents to Jane Street is unnecessary and could undermine its ongoing investigation into alleged market manipulation.
Jane Street's Stance
Jane Street is seeking additional data and documents as part of its appeal against a temporary securities trading ban, indicating a need for this information to support its defense.
Nature of Appeal
SEBI's Stance
SEBI alleges that Jane Street's appeal and its request for more information are a delaying tactic by the U.S. trading firm.
Jane Street's Stance
Jane Street denies the allegations of manipulation and is appealing the trading ban, suggesting the data is crucial for its legal challenge.
- Regulator
- Securities and Exchange Board of India (SEBI)
- Firm
- Jane Street
- Allegation
- Manipulation of a key banking stocks index
- Initial Ban Date
- July 2023
- Appeal Filed Date
- September 2023
- Investigation Period Under Review
- January 2023 to May 2025
- Retail Investor Impact
- Alleged losses
