There’s been a new arrival in Washington’s corridors of power in recent months.
The regulator issued an interim order to impound over $566.3 million from Jane Street in alleged illegal gains. Banks have been directed to ensure that "no debits are made, without permission of SEBI.
In July, SEBI accused Jane Street of “egregious” market manipulation in an interim order while it continued to investigate the company.
The Securities and Exchange Board of India (SEBI) has temporarily barred Jane Street Group from accessing India's securities market, after it accused the U.S. firm of widespread market manipulation.