Jane Street solicits response time for SEBI’s allegations

Jane Street solicits response time for SEBI’s allegations

The American firm has been accused of siphoning off small investors’ money

The Jane Street has informed the Securities and Exchange Board of India (SEBI) that it needs more time to respond to the regulator's allegations.

In its 105-page order, the markets watchdog had accused the proprietary trading firm of engaging in market manipulation in the local derivatives market.

Jane Street, which sought inspection of documents relied upon as evidence by the regulator, stated, "We are engaging constructively with SEBI and have sought an extension to respond to the interim order issued on 3 July.”