Jane Street hits back at Sebi’s allegations, says ‘regulator changed the goal posts’

Mumbai: Jane Street on Thursday questioned the capital-market regulator's characterisation of the Wall Street trading major's conduct in its ongoing probe into an allegedly manipulative trading strategy, with the firm's lawyer telling the Securities Appellate Tribunal (SAT) that it wanted a quick resolution of the case. Why on earth would I want to adopt dilatory tactics? My money is at stake.

Jane Street's counsel challenged the Securities and Exchange Board of India's claims regarding its trading strategy and actions. The firm has paid the amount requested by SEBI, even before a hearing took place. Jane Street halted its trading in India and questioned the regulator's focus on large trade volumes. Complaints received by SEBI were discussed, emphasizing the right to know the complainants' identities.

Summarised by Agaah from ET Markets. Agaah aggregates 36 sources and removes duplicate coverage — all news, one place.