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Bloomberg Quint

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Image Credit: Bloomberg Quint

Jane Street Fiasco: SEBI Chief Calls For Speedy Probe, Tighter Vigilance Of Market Manipulation

  • SEBI Chairman Tuhin Kanta Pandey conducted a high-level review meeting post the Jane Street fiasco, urging departments to enhance monitoring and speed up investigations.
  • SEBI has tightened surveillance on specific market segments showing irregular trading activities, focusing on coordinated manipulation indicators like unusual volume spikes and price distortions.
  • The Jane Street case raised concerns about exploiting systemic loopholes for unfair gains; the firm has deposited Rs 4,843.5 crore to comply with SEBI's directions, allowing them to resume trading.
  • The meeting stressed the need for inter-departmental collaboration and real-time monitoring to swiftly identify and respond to suspicious market activities.

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