Sebi vs Jane Street: 'Dilatory tactic; ulta chor kotwal ko daante' - What the markets regulator's lawyer said in hearing
AI Summary
The ongoing legal battle between Jane Street and SEBI highlights the complexities and risks associated with trading in India's derivatives market. For retail investors, this situation underscores the importance of regulatory clarity and the potential impact of such high-profile cases on market sentiment. As global trading firms closely watch the outcome, it could influence their willingness to engage with Indian markets, which may affect liquidity and volatility in the derivatives sector.
India’s markets regulator called Jane Street Group LLC’s demand for additional documents a “dilatory” tactic, a day after the US-based hedge fund asked the Securities Appellate Tribunal (SAT) to direct the Securities and Exchange Board of India (Sebi) to share the trading records behind its market manipulation allegations.
Gaurav Joshi, a lawyer representing the Securities and Exchange Board of India, opened Tuesday’s arguments with a Hindi proverb that roughly translates to “the thief reprimanding the police,” suggesting that Jane Street was trying to turn the accusations against the regulator. The hearing will continue on Wednesday, Bloomberg reported.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 06 October 2026.
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