Jane Street reacts to SEBI ban, says 'committed to operating in compliance...'

Jane Street, a prominent global trading firm, has responded to the recent Securities and Exchange Board of India (SEBI) interim order that temporarily restricts its operations. The firm expressed its disagreement with the findings, stating that it disputes the conclusions drawn by SEBI. Jane Street emphasized its commitment to addressing the issues raised and working in accordance with regulatory expectations. The SEBI order has put a spotlight on Jane Street's activities within India, raising questions about compliance with local financial regulations. Despite the setback, Jane Street conveyed its intention to maintain open lines of communication with SEBI. The firm plans to engage further with the regulator to clarify its position and resolve any misunderstandings that may have led to the interim ban. While the ban poses immediate challenges, Jane Street remains steadfast in its dedication to operating within the legal frameworks of the countries it serves. The firm reassured stakeholders of its ongoing efforts to align with regulatory standards and highlighted its track record of compliance across global markets. As the situation unfolds, industry observers will be keenly watching how this interaction between Jane Street and SEBI progresses.

— Authored by Next24 Live