<ul data-eligibleForWebStory="false"><li>SEBI barred Jane Street Group entities from accessing the Indian securities market and directed the impounding of Rs 4,844 crore in alleged unlawful gains from the group.</li><li>Jane Street earned Rs 43,289 crore in profits through trading in index options on Indian exchanges, leading to SEBI's enforcement action restricting their market participation.</li><li>The saga involved lawsuits in the US, SEBI examining trading activity for potential market abuse, and SEBI's interactions with Jane Street regarding trading practices, leading to a settlement between Jane Street and Millenium in December 2024.</li><li>Despite NSE's caution letter and SEBI's observations, Jane Street continued large cash-equivalent positions in index options, leading to SEBI's interim order restraining them from market access over alleged unlawful gains.</li></ul>

US Courts To SEBI — How The Jane Street Saga Has Unfolded Despite A Settlement

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