SAT to pass order in Jane Street ‘manipulation’ case on 21 October
AI Summary
The ongoing legal battle between Jane Street and Sebi underscores the complexities of regulatory oversight in India's securities market, particularly as it relates to foreign entities. For retail investors, this case highlights the importance of transparency and due process in regulatory actions, which can impact market sentiment and the operational landscape for hedge funds. As the SAT's decision approaches, investors should remain vigilant about potential implications for market stability and the regulatory environment, especially in sectors sensitive to foreign investment.
The Securities Appellate Tribunal (SAT) has reserved its order until 21 October on an appeal by US-based market maker Jane Street, bringing an end to verbal arguments in its ongoing legal battle with the Securities and Exchange Board of India (Sebi) over access to key evidence.
The dispute stems from Sebi’s July 2025 ex-parte interim order, which barred Jane Street from the Indian securities market and directed it to disgorge ₹4,843 crore in alleged unlawful gains.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 08 October 2026.
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