A general show for Seebi (Securities and Stock Exchange Council in India) is seen in the Commercial District in Mumbai, India, on July 1, 2025.
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The Securities Exchange Council in India (SEBI) prevented the Jin Street Group from reaching the stock market in India, according to The request published on the organizer website on Friday.
The matter stated that the United States Trading Company “is considered entities from reaching the stock market and is prohibited more from buying, selling or dealing with another in the securities, directly or indirectly.”
The organizer also issued a temporary reservation order more than 48.4 billion Indian rupees ($ 566.3 million) from Jin Street in illegal gains.
He also stated that banks were directed to ensure “no debts, without the permission of Sibi”, for the accounts that the Jin Street entities are either jointly or individually.
It was claimed that the company used various strategies to artificially influence the Indian standard Elegant 50 The index, which tracks the 50 best companies in the country, is to profit from much larger jobs in the index options.
Sibi said repeated trading cases continued even after the company’s “explicit consultant” issued in February 2025.
The Indian organizer previously expressed their fears of practices such as Trading algorithmWho said in a report on 2024 allowed the royal merchants and investors in the foreign portfolios in Geni 610 billion Indian rupees in profits in the fiscal year 2024, while retail investors and other market participants lost the same amount during that period.
CNBC contacted Seebi and Jane Street to comment.
– Aparajita Saxena from CNBC contributed to this report
This is a developing story. Please check again for updates.
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