Indian regulator locks U.S. trading firm out of its stock market, accusing it of ‘index manipulation’ and ‘unlawful gains’
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Financial penalty and trading ban come at a difficult time in relations between U.S. and India
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2 min read
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investment
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July 4, 2025
01:27 PM
MarketWatch
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Advanced ➔ Results Indian regulator locks U
Trading firm out of its stock market, accusing it of ‘index manipulation’ and ‘unlawful gains’Ruling comes as India and the U
Struggle to grind out a trade dealLast d: July 4, 2025 at 9:27 a
ETFirst Published: July 4, 2025 at 5:24 a
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And India have been locked in fraught trade negotiations for months
Leah Millis/Pool Photo via AP, File U
Prietary trading outfit Jane Street has been accused by the Indian Securities and Exchange Board of index manipulation on its exchanges and walloped with a financial penalty of around $570 million, based on its “illegal gains” as the board judged them
Furthermore, the regulator ruled on Thursday that “Jane Street entities are restrained from accessing the securities market and are further hibited from buying, selling, or otherwise dealing in securities. ” the Author Jules RimmerJules Rimmer is a reporter in London
Rimmer spent more than 30 years as a trader and stockbroker in financial, starting at Salomon Brothers in the Liar's Poker era, taking in ING Barings, Jefferies and ending it in emerging at Investec
He hung up his headset and pivoted to journalism in 2021
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