Jane Street a surveillance issue, market manipulators will not be tolerated: SEBI Chief 

A day after the markets regulator passed an interim order banning  JS Group for market manipulation, the Chief of Securities and Exchange Board of India (SEBI) Tuhin Kanta Pandey said that it was an issue of surveillance and continuous tracking is being done. 

He was speaking on the sidelines of an event organised by the Bombay Chartered Accountants’ Society. 

“We have effectively increased surveillance, both at the exchange level as well as at SEBI. So this is basically a surveillance issue and I think we are keeping track of, more closely,” said Mr. Pandey. “ All I can say is that market manipulation is not going to be tolerated,” he said responding to queries regarding the increasing number of Foreign Portfolio Investors (FPIs) setting up shop in India in the same fashion as Jane Street. 

Mr.Pandeys comments comes a day after the markets regulator passed an interim order on the US-based FPI for manipulating Bank Nifty index. Securities and Exchange Board of India (SEBI)  had banned U.S.-based investment firm Jane Street from Indian securities markets for manipulating index and unlawfully earnings about ₹4,800 crore, according to an order on July 3 2025.