Neutral impactEconomy
SAT to hear Jane Street appeal against SEBI on October 5
BusinessLine 1 hr ago·4 Sept 2026, 3:13 pm
The Securities Appellate Tribunal (SAT) has scheduled a crucial hearing for October 5 to review an appeal filed by the US trading firm Jane Street. The firm is challenging a directive from market regulator SEBI, which had ordered an investigation into potential market manipulation. Jane Street argues that surveillance reports from the National Stock Exchange (NSE) found no evidence to support such claims.
This case is significant for the broader market as it tests the boundaries of regulatory oversight for foreign trading firms operating in India. A ruling in Jane Street's favor could set a precedent for how such firms are monitored, while a decision against them would tighten the regulatory noose. Investors should watch for the tribunal's verdict to understand the future compliance landscape for high-frequency trading entities.
Excerpt from BusinessLine
US-based hedge fund Jane Street on Friday reiterated its request in the Securities Appellate Tribunal (SAT) to access the original complaint, initial correspondence between the Securities and Exchange Board of India and the National Stock Exchange and other material relating to the earlier investigations. The firm…Read the original at BusinessLine
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- Category: Economy.
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