In a major crackdown, the Securities and Exchange Board of India (SEBI) has taken strict action in what is now known as the SEBI Bans US Firm 4840 Cr Scam. The U.S.-based trading firm Jane Street has been accused of manipulating the Indian stock market and making illegal profits worth ₹4,840 crore.
🔍 What Is the 4840 Cr Scam?
The SEBI Bans US Firm 4840 Cr Scam refers to alleged index manipulation by Jane Street on Nifty and Bank Nifty expiry days. SEBI found that Jane Street used aggressive futures and options trading strategies to artificially influence index levels, profiting heavily from market movements it created.
This manipulation cause unfair trading conditions and shook investor trust. SEBI has termed this one of the biggest stock market scams involves a foreign trading firm in India.
🔒 SEBI’s Actions
- Banned Jane Street and its affiliates from Indian markets.
- Ordered a freeze on ₹4,840 crore of alleged unlawful gains.
- Directed the firm to deposit the amount into an escrow account.
- Provided 21 days for the firm to respond to the charges.
📉 SEBI Bans Market Impact
The SEBI Bans US Firm 4840 Cr Scam cause short-term volatility, especially in derivatives trading. Some broker stocks fell due to concerns over reduced liquidity.
✅ Final Word
The SEBI Bans US Firm 4840 Cr Scam highlights the regulator’s firm approach to keeping India’s financial markets clean. It also acts as a warning to other firms against market manipulation and unethical trading practices.
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