India has barred Jane Street from the country’s financial markets and said it would seize around $570 million that the U.S. securities firm made from allegedly fraudulent trades.
The Securities and Exchange Board of India said the U.S. firm had moved prices in stock derivatives and cash markets for the firm’s benefit, and misled and enticed smaller traders to boost profits. The regulator said the firm made a profit of around $4.3 billion from its trading on Indian markets between January 2023 and March 2025.
In one example cited in Thursday’s order, Jane Street took a 5.72 billion rupee, equivalent to around $67 million, position in a popular index tied to Indian banking stocks over eight minutes on a day in January 2024.
Listening from a very renowned stock broker that they mostly did bot trading and only choose those stocks which they can manipulate easily. He aldo mentioned id the investigation goes on, this misconduct can be one of the biggest in Indian Stock market history.