Sebi Has banned the American trading firm Jane Street from the security market and directed the company to return illegal profits of Rs 4843 crore. This may be the highest recovered amount of money so far directed by the Securities and Exchange Board of India (SEBI). The company is accused of allegedly rigging the index level during the expiry days to earn huge profits in the index option. In the interim order, SEBI has banned Gen Street’s subsidiary companies- JSI Investments, JSI 2 Investments Private Limited, Gen Street Singapore Private Limited and Jane Street Group (JS Group) Jane Street Asia Trading (online business).
Gen Street Group operates trading in 45 countries
The Gen Street Group was established in 2000. It is a global -owned trading company in the LLC Financial Service Industry. It provides employment to more than 2600 people in 5 offices in the US, Europe and Asia and operates trading in 45 countries. According to the interim order passed by SEBI on Thursday, JS Group companies earned a profit of over Rs 44,358 crore from the index option on NSE from January 2023 to March 2025 in all the product categories of NSE and segment. In addition, companies were instructed to directly or indirectly to involve any fraud, rigging or inappropriate business practice or to avoid being directly or indirectly involved in any activity that violates the norms.
SEBI also mentioned that the JS Group again resorted to the adoption of the ‘Extended Marking the Close’ business methods in the index and component markets, which again, to affect and manipulate the index for their illegal benefits in May 2025. Whereas in February, the warning letter and NSE had their own announcements.
The company may be a serious threat to investors’ safety
Anant Narayan G. “Unlike most foreign portfolio investors and other market participants, the JS group does not do proper work,” said in the order, “The JS Group does not do proper work,” said in order, “Unlike most foreign portfolio investors and other market participants,” said in order. Prima facie, in view of such a strong case, allowing the JS Group to continue work as before can lead to a serious threat to the safety of investors on an extraordinary scale. In such a situation, it is SEBI’s duty to intervene directly. ”Accordingly, SEBI has directed the JS Group to return the illegal benefit of Rs 4843.57 crore.
With PTI inputs
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