Sebi accuses Jane Street of dilatory tactics at SAT, says 'investigator is being investigated'

The Securities and Exchange Board of India (Sebi) has accused Jane Street of using delaying tactics in its investigation at the Securities Appellate Tribunal (SAT). This comes as Sebi itself faces an investigation, with an investigator being looked into. The regulator has provided Jane Street with over 10 GB of documents, but has refused to share more data. This development is significant for markets as it highlights the challenges regulators face in conducting investigations, and may impact the outcome of the case against Jane Street.

Why it matters

Sebi's accusations of dilatory tactics may lead to regulatory action against Jane Street. The regulator's concerns could negatively impact Jane Street's operations in India.

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