Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Stocks

JPMorgan Unit Banned from India Over Manipulation Allegations

Guavy AI Editorial Team
Instruments
JPM
Share

India's market regulator has banned a unit of JPMorgan Chase from trading in the country over allegations of manipulative trading. The Securities and Exchange Board of India (SEBI) impounded 37 million rupees ($386,000), which it described as wrongful gains made by Copthall Mauritius Investment Ltd., a JPMorgan unit.

According to an initial order published by SEBI on August 20, the regulator found that Copthall and local firm Mansi Share and Stock Broking Ltd. had engaged in manipulative trading in India's newly introduced auction-based system for share price discovery.

The order does not specify what exactly was manipulated or how it affected the market.

More on Stocks

Stocks 2m ago

Chevron Director Gifts 350 Shares, Maintains Ownership

Stocks 3m ago

Chevron Unlocks New Growth Chapter with Angolan Discovery

Stocks 6m ago

Disney-Designed Subway at George Bush Intercontinental Airport Celebrates 45 Years

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy