Jane Street hits back at Sebi’s allegations, says ‘regulator changed the goal posts’
SEBI is in focus.
· ET Stocks, Economic Times Markets
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.
Why it matters
- With SEBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.