Updated on: Sept 03, 2025 04:49 pm IST
SEBI isn’t providing documents and data that Jane Street believes are pertinent to rebut the allegations of market manipulation, the US trader tells SAT.
Jane Street has filed a case against the Securities and Exchange Board of India (SEBI) which had accused the US high-frequency trader market manipulation, according to a case document reviewed by Reuters.
The case has been filed in the Securities Appellate Tribunal, the first point of appeal against regulatory orders.
The SEBI is not providing documents and data that Jane Street believes are pertinent to rebut the allegations of market manipulation, according to the case filing. The appeal requests SAT to instruct SEBI to provide Jane Street with the missing materials, a source told Reuters.
“These documents are undeniably relevant,” the firm said in the court filing.
Jane Street declined to comment in reply to an email from Reuters. SEBI did not immediately reply to a request for comment.
On 4 July, SEBI temporarily barred Jane Street from the local market on allegations that it manipulated India’s key indexes, in one of the strongest actions it has taken against a foreign investor. The firm was asked to respond to the allegations within 21 days of the order, but the deadline has passed.
